Yes. When a movement whose entire thesis is "fuck the establishment" gets co-opted by the establishment, it becomes invalid as a movement, a hollow and pathetic shell of itself. Punk is anti-society, anti-religion, anti-government, anti-authority, anti-conformity, anti everything, even anti-music to a degree. Its relevance died as soon as the last punk lived past 30 and it became old people music. Just another style to buy at Hot Topic.