What I think he's saying is that newer recordings are "over processed" and certainly mastered too loud.
With the race to see who can be the loudest in most modern commercial releases, that leaves very little room for dynamics (amongst other things) and I think Bob is remembering a "gentler" time when music recordings were allowed to "breathe".
I actually have this Album (Modern Times) and it has only recently left our In-car CD player - it's a superb Album, which I'm tempted to give 5 stars....
(Oh and why is this quote only being posted now??? - this is from Last year!!!!!!!!!!!!)