http://www.space.com/18533-giant-sun-eruption-nasa-video.html or, just go to that one~
Solar Activity Past, Present, Future
Several lines of evidence suggest that the Sun is entering a period of low activity, perhaps even a Grand Minimum. Average space weather might be milder with decreased solar activity, but the extreme events that dominate technological effects are not expected to disappear.
So as you point out, even during a weak solar cycle, an Earth directed major eruption can occur.