This reply shows how biased you are. I am a South Indian living in North. I have seen both forms of movies. The Movie Industry is always driven by the mass acceptance. Most movies which do nt have a box office are in general have good substance. This is a generalised statement and may let be. To name some good Movies in recent times in Hindi... (Only which I have seen) 1971, Kabul Express, Anwar, Nishabd, Black, Risk, Guru, Dor.
Similarly there are equal amount of Tamil Movies which had come out. Some have been already listed in one of the posts.
There is no point in criticizing with just watching some movies.
And its not perceptions which should be discussed but ground realities.