Proper "indie" isn't a genre of music, it's an ethos.
Blur vs Oasis didn't totally kill indie, it just moved student-oriented guitar rock into the mainstream (including the Stereophonics, unfortunately, not to mention Shed Seven), so what was left to fly the flag for true indie music was the really interesting experimental stuff.
There is still true "indie" music about (look at Warp's online Bleep store, for example, to see how the indie ethos manifests itself these days - it's not all about myspace, spotify and itunes, none of which are really "indie" anyway) but that's not what this thread is about, is it? It seems to be more about a bunch of old fogeys reminiscing about the stuff they were listening to 20 years ago, in the same way that in the 80s my dad would reminisce about 60s music. Do you realise how old it makes you all sound?
Christ, I was as much of a shoegazer as anyone in 1991 - I still own all the early Ride and Slowdive EPs on vinyl - but I like to think I've moved on a bit since then.
d.