If by "actual acoustic folk albums" you mean folk-style albums recorded by modern, professional musicians, then you may be right, but this type of statement is extremely ignorant of what folk music is. Folk music IS often simple, heartfelt music, the music of the common folk, not overtly theoretical, and often relayed through generations by oral traditions. This does not translate to highly learned, technical, ornamented music that would be preferred by what you and hibernal are probably thinking of as serious fans of acoustic music.
My point: These are two different styles and while you might prefer one, that doesn't mean the other "is bad" or that there is some authority out there who can decide a piece of music "is bad" and have that actually mean anything to someone of different opinion.