I'm with you...we're not the same country we were in 1918. I don't see this as being the great pandemic of the century as it's being hyped. At least not in the developed world. Latin America, Africa and parts of Asia could have a rough row to hoe though...
Look at the sanitation conditions, and the hospital conditions, of the countries where the disease has jumped to humans.
Do we need to worry about this particular strain of flu? Not likely, IMHO. But, I suppose that all the hysteria will help a little - from what I've read, the US was really underprepared for a disaster of the magnitude that the press was hyping.
And, also IMHO, a significant flu outbreak is a distinct possibility, eventually.