I don't know about classy. I think he's clever in the way he gets his digs in. So bascially he's saying the guys out there now (other than Federer) are mediocre but because of racquet technology they're made to look good? Sorry I have a hard time believing racquets changed that much in the past 5-10 years.
As you get older, you tend to believe that people in your generation were smarter, cuter, more athletic, braver, nicer and just generally better than the current generation. In ten or fifteen years we'll be reminiscing about how much better players of "our" generation were.