IGN certainly thinks so,and one cannot help but agree with them.

It is no secret that since the success of Modern Warfare every game publisher in the bussines has madly chased after the same profits,in the process copying without shame the same formula over and over again,most of the times coming out with hugely inferior products,like Homefront.

Another point the article brings is that the succes of COD games is actually beginning to threaten other game genres,as they become more and more scarce in favor of the "COD style" shooter.

For centuries, man has been predicting the end of the world as we know it. The Mayans, Nostradamus, R.E.M. – they've all been singing the same tune. What none of them managed to predict however, was that the world would be destroyed by Call of Duty. Well, the world of video games, at least.

Come on, you've been sensing it for a while. You've looked on in despair as yet another FPS is released that wants to be Black Ops. You've felt the mounting deluge of dissatisfaction that's been building inside you ever since Activision clearly realised Call of Duty 4 was a gambit that very much paid off, and could conceivably continue to pay off year, after year, after year at the cost of an entire genre of gaming.
Read the whole article at IGN

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