There's usually one interesting new item every like... few months, maybe - but since I've finally hit the situation where I really, Really can't keep up with marketplace I just won't even consider questing at this point.
I'd definitely say that even if items wouldn't have become so boring, community's reaction to new items has... kinda watered down. Everyone and their grandmothers are still flaunting the newest shinies - those who have gold anyway - but I've this feeling that fewer and fewer of us just can't get themselves to care anymore - everyone knows popular items will be recoloured to death anyway, so even if the colouring of original wasn't to your liking, just wait until they recolor it to some of the go to colours Gaia keeps rotating, and pick the one which is closest to your favourite.
I think there used to be definitely more effort put in trying to make that single new, popular item to work with one's avatar, when people didn't know or saw it as unlikely that item was gonna get recoloured any time soon.