I do think new video technology adds to the actual gameplay. When I see better video technology, I feel like the game seems more realistic, so the game is more eye-catching. The advanced graphics make the game more visually appealing. For some games, the graphics could make the actual game more fun to play.
Although new video technology can make a game seem more appealing, the actual game itself is what makes it the most fun. Newer games with more advanced graphics are fun, but I will always love the older video games the most even though their graphics are not advanced at all. It might be just because the older games take me back to my younger days, but I feel as if the older video games will always be my favorite.