Well, I have hope. For such an extraordinary liberal, he did give us "Saving Private Ryan", second in quality only to "Band of Brothers". Plus, I know all Spielberg's movies are formulaic, but...I like the formula! I like Jaws, Close Encounters, etc.etc.
I second that. E.T. wasn't bad either, for what it was. And I found Schindler's List very powerful and moving. Saving Private Ryan might still be my favourite, though.
A.I. was ok, too, if a little (ok very) sappy.