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You are correct except on the “doesn’t present the 50s/60s American aesthetics” part. That’s the whole point of Fallout. It wouldn’t be half the franchise it is without those aesthetics, it’s what sets it apart and it’s what people associate with the franchise the most. Without that it would be just another plain boring post-apocalyptic “everything is brown” game in a sea of “everything is brown” games.

Fallout is absolutely about the American atomic age—not a historic recount of such period by any stretch, but it is the very foundation of the franchise.