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Moto2 and 3 rarely disappoint. It seems the boring racing is limited to the big bikes generally. And not just MotoGP. AMA superbike was a snoozefest when it was Spies/Mladin winning every race. WSBK has the potential to go the same way with Rea/Sykes (although for the moment that series is pretty fucking great). It starts to become very 'nascar' just watching the leader(s) turn laps, no matter how precise and talented the riding is.
No idea what the answer is to fix GP, but the current rule changes didn't do a fucking thing for exciting racing. More budget controls/caps would probably work, but would be detrimental to new tech and trickle-down maybe. Instead of talking about great racing in GP, people focus on shit like the 46/93 drama or that 99 hasn't resigned yet. Sad.