I've been thinking about this lately...I think one issue our fanbase is having is how long it's been since we've had a dominant season, the kind where you win nearly every game and it's just a lot of fun. I'd define this kind of season as having 5 or less losses on the year.
The last one of those we've had was 2008-2009, when we went 34-4. It's been 16 seasons and counting since then.
Here are the ones before that, going back through the undefeated 1957 team (year achieved, record, and # of years from last occurrence):
2007-2008, 36-3, 1 year
2004-2005, 33-4, 3 years
1997-1998, 34-4, 7 years
1992-1993, 34-4, 5 years
1986-1987, 32-4, 6 years
1983-1984, 28-3, 3 years
1981-1982, 32-2, 2 years
1976-1977, 28-5, 5 years
1975-1976, 25-4, 1 year
1971-1972, 26-5, 4 years
1968-1969, 27-5, 3 years
1967-1968, 28-4, 1 year
1960-1961, 19-4, 7 years
1958-1959, 20-5, 2 years
1956-1957, 32-0, 2 years
So going back almost 70 years now, our current 16 season streak with no fewer than 6 losses is nearly double the longest streak before that of 7 years (twice). Of course, we play a lot more games now than in the 1950s and 1960s, but I think there's something to be taken from this. For a lot of fans, losses hurt a lot more than your average win makes you excited. So if we've not had a season in the last decade and a half where we have 5 or fewer losses, I think part of what the Carolina fanbase is going through is not having a season where we've been absolutely dominant and only experienced the pain of a few losses.