I agree with what you say Stephen and yet we cannot claim to have less boring racing in Australia, when a lot of the time the fave gets to the lead or death and then there are no moves until a 3w train forms at the bell.
I have been watching a lot of gallops racing lately and really it is no better - pretty much no matter the distance they settle in positions, bunch up nearing the home bend, fan and sprint down the straight. I don't know why but it looks better - I think it must be the clearer form of the horse (no sulky), the green grass and maybe slightly better camera work