Yes - I recently rewatched this as well and felt the same way about it. It just doesn't have the same vibe as the other two (or four, if you count the 'newest' one).
In other news, apparently a fifth installment (which includes Harrison Ford for a final time) will begin filming soon and has a tentative July 2020 release date.
RE: Indiana Jones and the Temple of Doom is a different movie than I watched as a kid.