Arguably, we have reached this point already, specifically among the more technically inclined of us.
The bubble has burst repeatedly over this decade, economically speaking. Religious fundamentalism and hedonism are still in conflict, but have been so even past the Regeneracy during the past Crisis. In fact, religious fundamentalism was a major force throughout the entire Crisis period. However, as was true in the early 1930s is true today. Hedonism and fundamentalism are no longer the defining aspects of society. The fundies are reeling from a dramatic backlash from both religious and non-religious people opposed to fundamentalism. The death of Falwell was a signpost for the end of growing fundamentalism.1928 or 1932? 1928, hands down. The bubble hasn't burst yet, hedonism and religious fundamentalism are in conflict. Dubya may be discredited, but he still succeeds at preaching to the choir. Celebrity circuses are still in play.
And as for celebrity circuses, they do exist. But there is a difference. In a 3T, the public is totally captivated by celebrity news and mishaps. In a 4T, people stop caring.
One more case for 2005 is the difference in the relevance of celebrities. Come on!! Even seeing the p*ssy of Britney Spears (no, I won't post a link. Try Google.com) wasn't big news to most people. With all of these celebrity news, does the public really care? I would have to say no. Every sign seems to indicate that the public no longer cares what celebrities do. While the public was temporarily captivated by Vick's dogfighting, imagine what it would've been in 1995, or 2000. And does the public really care for Britney Spears, Lindsay Lohan, and Orange Juice Simpson? Judging from the blogosphere and from news articles attacking excessive media coverage of celebrities, the answer is no. What is the public captivated by? Real news.