Do you think the Fourth Age really was worse?

[metropolis_part_one]

When the One Ring was destroyed the Three lost their power too, undoing a lot of the work the Elves had done in ME (like Lothlorien). Also the Elves finally left for good. It seems to me that the Fourth Age was supposed to contain less 'enchantment' and magic. I think this was partly meant to show the price that was payed for undoing Sauron - the world was forever changed. But do you think this makes the Fourth Age 'worse'? The magic of the Elves in the Third Age had grown stagnant and as it says in the Silmarillion, they attempted nothing new but clung on to old ways. They just tried to 'preserve' the world, unchanging, as in Lothlorien. It just seems to me that Middle Earth had 'outgrown' the Elves, and that they were no longer needed in it. So was it for the best that they left and their magic faded, or was this an occasion for lament as seems to be supposed?