The PG Era has been over for a few years now. It started to end around the time CM Punk had his infamous" pipebomb" promo. Then we had his 500-day title reign, the debut of the Shield and Wyatts, and Daniel's Bryan rise to the main event scene. We're firmly in the Reality/Network Era.
Although the PG Era had its moments, it was a pretty bad era. Cena's reign became stale, and his endless feud with Orton was even more stale. None of the young talent from this era really worked out - Swagger, Rhodes, DiBiase, Bourne, the Nexus, MVP, and many others. Sure they had their moments and some won world titles, but they never hit that next level. There was no reason to watch Smackdown. The divas couldn't wrestle. This may seem fairly minor, but Michael Cole was at his worst. This was during his heel announcer run, and sometimes he was just unwatchable.
I know I complain a lot, but this era will probably be one of the best eras WWE ever had. The talent level is ridiculous - Owens, the Shield, the Wyatts, Zayn, Cesaro, Nakamura, and Balor. Of course there's also Cena, Orton, and the part-timers. The storylines aren't great, but the wrestling is awesome.