In a word yes, in the same way the work place has changed so has the dating game. I think long ago, people used to look at online dating as a form of desperation. Not so much anymore. However, I do feel that it can be a way to hide ones true self, it's easy to be anonymous online and that's where the true problem lies with online dating.
People can say anything, post any kind of picture and sit at a computer instead of out in the real world socializing. Plus, another problem that I have found, thru research into the dating sites, is misleading people just to get them to sign up to a particular site. My studies have shown that men are the most vulnerable to this. They will be contacted by, what they think are local women anxious to meet them, only to be asked to respond to them for more details. In order to respond, they must sign up for a membership, only for the member to quietly disappear once they do. They have no recourse to recover any money spent and usually wind up frustrated and with less money than they had.
For some, it may work out well. But you have to be careful on which sites you use and it's a good idea to be open to the fact that what you may get is a bunch of empty promises and person that is not who they say they are.