There was no "wait and see" with Star Wars though, it became a popular culture phenomenon in 1977 and has remained that way ever since. Harry Potter was a phenomenon before the films were made. With all the hype surrounding Avatar and it supposedly heralding a new dawn of cinema, why did it not attract that fanbase straight away like Star Wars did?
I agree about the technology. Call me old-fashioned but I go to see a film for the story and characters, not fancy special-effects; they should supplement the former, not overshadow them and be what the film is marketed on.