Oh yes. Very much. It's sterile, inhumane, psychologically damaging, socially destructive, and deeply unsatisfying. All that's really changed is that it has devolved into pastiche over the last few decades, so now it's pathetic as well. 

I'd say it still reflects modern society very well indeed.

unfortunately, yes....since much of what we see as buildings today are difficult to be considered Architecture, it is a clear representation of what society considers Architecture.

I would say our detached, superficial, pseudo-nostalgic fool's paradise is more post-modern at this point.

I think I've lost touch with what the world thinks modern architecture is.  Can you help explain it?  I picture modern architecture as being a bit sterile maybe, but no more psychologically damaging than a zen garden.