Yes it wears thin. I grew up with it (and similar shows). They are unwatchable now. They are highly formulaic in the way you describe.

There are a bunch of shows listed now in these comments but most of them are the same fluffy family formula. Someone suggested "Roseanne" and while I have not rewatched it since it aired, I suspect it's the only one worth viewing today. I'd probably like it more now that I am an adult.