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What a wonderful topic - one my brothers and I have enjoyed for a long time as our own generation's parlor game.
The only unmentioned one that pops to mind that is a great old-style theme is "WKRP from Cincinnati":
"Got kinda tired of packing and unpacking ... town to town, up and down the dial..."
As for new-era understatedness, "Frasier" is hard to top. Stylish, a hint of pretentiousness...fits the man at the center of the show. Which reminds me, I need to go look for the pilot of Kelsey Grammer's new Fox sitcom I have high hopes for, "Back to You," that offers a LOT of opportunities opening-theme wise.
Oh, and here's another new-era favorite: "30 Rock"! Just a great throwback theme!
I haven't Googled this yet, but curious - what's the best one-stop shop for TV themes? It sounds like YouTube, but not sure I need the video- just the full audio clip would be great!