Awards mean nothing - it just means they've got a good PR team and good-will from a bunch of industry people. See Modern Family winning 4 comedy series emmys in a row... the same as Frasier.
But on topic - Friends was fine, there were a few standout episodes, but I can't really think of one that I'd call bad. Mind you, I don't seek it out when it's on TV now.
Actually, Modern Family happens to be one of my favorite currently airing sitcoms...
At least it's better than The Big Bang Theory... just not as good as VEEP or Orange is the New Black.