Yeah, I'm kind of the opposite. I thought Ghost Protocol was good but ultimately forgettable, and that was with Brad Bird who I generally like. There are just more setpieces that are memorable, although some things in Rogue Nation are so stock and generic that it's annoying (everything to do with Alec Baldwin's side arc was really boring).
Rogue Nation still doesn't approach Mad Max (god Mad Max is so good) or John Wick, but there was a level of competence that just isn't there in a lot of Hollywood action films right now. It's just a solid film, and that's nice after this summer sucked so badly movie-wise.
Jack Reacher, which is the same director plus Tom Cruise, is similarly competent although it was more forgettable other than the opening scene and also Werner Herzog forcing a guy to chew his fingers off.