@irontoenail - I don't agree. I think the magic of television and film comes from being able to create a scene or a story that resounds with people. Yes, many modern filmmakers don't care about that, but just as many do.
The film people think of when they think of slow motion special effects is The Matrix and it does make a lot of use of that technique in the fight scenes (something that's been copied by many people since then).
But I would argue that using that kind of slow motion frame rate in an innovative way wasn't what made the movie special. It was the story and the characters that made it like that. And that's been true since the dawn of film making and it's still true now.
Slow motion, like anything else, is just an effect and frankly I'm glad it's one that we take for granted now because I'd rather not be focusing on the effects when I watch a movie.