When money was tight, people were what provided comfort. Everyone got together to prepare and celebrate. Now that families can afford to pay someone else to do it, we are basically left with a lunch/dinner and some time talking, which doesn't feel far off from old school aristocratic galas. There is little emotional investment beyond 'maintaining the network' and the same 1 hr drives start looking like barriers.
I always preferred small (3-8) groups for company so the phenomenon has hit me slightly less severely, as it is easier to get small group together and emotionally involved, but bigger family gatherings are definitively getting rarer.