Have the Elitist Movie Fans Role Reversed?

I remember a time when people who viewed Hollywood mainstream movies looked down on those of us that watched lesser known low budget movies. The kind that would never be shown in a theater and if they were it was probably some back alley or hole in the wall type of place.

Nowadays, it seems at least to me, that the roles have reversed. Those that view the micro low budget movies look down on those that enjoy multi-million dollar mainstream films.

Have any of you noticed this? If so, why do you think it has become this way?