Well yeah it bleeds over, it is a high fantasy, high magic game, but I think that is representative of most modern D&D games.
Only one of the games I am playing right now is of the low magic variety. That is a Darksun game with a lot of house rules, but we are moving back to Forgotten Realms in a couple weeks and I think everyone at the table is excited about it.
I am not sure what you mean by a self fulfilling prophecy though.
