Absolutely, the character has lost all mystique and sense of threat since the mid-00s. I actively want to avoid books with him in these days and really want him to disappear for 5 years (and even then not be used without a big storyline).
He's one of the characters that needs to be used sparingly and with a distinct goal. He was designed to be like a James Bond villain - a guy with unlimited resources, grand designs and an organisation dug deep into the power structures of the world. He doesn't work as just another Bat-villain.