No, definitely not modern, possibly a classic, though that term has some additional qualifications, so I'm not sure.

But 1930 is chosen and is generally recognized as the cutoff for vintage cars by most collectors clubs and organizations, because that year marked a major industry wide shift, for consumers, manufacturers, and regulation, and while there have been relatively minor shifts in the industry, not much has really changed since.

Similarly, 1994 (made a typo above) marked a similar transition, the PS1 was released that year, marking a shift to 3D graphics, the ESRB was established in the US, and consumer adoption reached a point where you could finally say video gaming was here to stay. And just like with the automotive industry in 1930, things in gaming shifted from a period of rapid experimentation, innovation, and regulation to a period of slow, gradual improvement along the lines established by the fifth generation of consoles in 1994.