PaulB said:
The problem with the phrase "the problem with..." is that it suggests there's a problem and from the filter of the person saying "the problem with..." then they have a problem with... And that's all it means. I can certainly see why someone who hasn't followed Dylan's subsequent career would think there's a problem but those of us who've followed him would probably think differently. I think you may be confusing the fact he's not on the telly or radio as much as he used to be with him no longer being able to write good songs. He can.
His early stuff that I hear, studio and live, is excellent. Some very powerful lyrics, which has always been his strength eg Blowin In The Wind and The Times They Are A Changin'. His inspiration came from the like of Woodie Guthrie.
However - I did go to see him live at Brum once - never again - I'd rather listen to what he used to do. A quote from wikipedia describes it well.
"Others have criticised his vocal style as a “one-dimensional growl with which he chews up, mangles and spits out the greatest lyrics ever written so that they are effectively unrecognisable”,[264] and his lack of interest in bonding with his audience."
Compare this to Joan Baez, from a similar era, I've seen her twice, and both times faultless.
You're probably right that he can still write good songs - but the recent releases I've heard a bit of just doesn't grab my attention like the old stuff does.