I'm about to say something crazy right here...
...are you ready?
I DON'T think that being excited really is what causes people to lose their Lucid dreams. Ok, start throwing stones at me people.
What I THINK the problem is that causes dreams to be lost in exciting moments is that the dreamer is focused internally, increasing the schism between themselves and the dreamworld. The two things are closely related, and I think they have been confused for one another. It's been repeated so many thousands of times that it's a hard idea to let go of. (Of course, sexually stimulating dreams wake you for other physical reasons IMO)
I can at least say from my own experience in lucid dreams that tons of insane fighting (weapons, magic, fists, slo-mo, even morphing) is both possible and incredibly fun and exciting

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