I would say the tensions seem similar, but the consequences seem different.
In the 80s, it felt like you might find yourself vaporized or living in a nuclear apocalypse hellscape at any moment, likely due to a misunderstanding or malfunction.
These days it seems like we're more likely to just be in a long-term adversarial position with likely proxy wars.
I feel like the WWII and Cold War eras were more about existence, whereas these days the aggression is more about how much more bounty do we want. Look at the Chinese land grabs around disputed islands versus Japan. They don't need them, but it would be nice to have them.
The whole thing just seems like a bunch of unnecessary, ego-driven B.S. on every side.