Honestly I think we'll get back there. I remember ... fondly(?) exams from my history courses in undergrad in the mid 90s. 3-4 questions, 3 hours, anything less than what would amount to a pretty decent length and moderately thorough term paper would fail and have to be made up with an absolutely BRUTAL multiple choice + fill in the blank exam at the end of the term.
Those classes are what taught me how to study and really internalize the material. Helped me so much later in college too. I really can't imagine how kids these days are doing it.