Really? I don't see many of these types of sword and sorcery films being made right now. I'd say it's superhero films flooding the market.
There's been Conan the Barbarian, In the Name of the King, Prince of Persia, Centurion, Jack the Giant Killer, Chronicles of Narnia, Clash of the Titans, Wrath of the Titans, Sorcerer's Apprentice, Immortals, Scorpion King...
They may not be all pure sword and sorcery, but they all have the same basic look, with lots of running around and people fighting giant CG monsters.