Like most mutual admiration societies, the Academy of Motion Picture Arts and Sciences has very little relevance beyond its own membership.  If they have a party to pat each other on the back, then I hope they have a nice time.  Those of us who do not work in the business appear to have a very different set of criteria for good movies than they do, and that is not surprising at all.  From the outside, their self-congratulation ceremonies all look the same, so you can pretty much insert any other grinning talking head to do the traditional quips and pratfalls and no one will likely notice the difference.  Does anyone really still watch it.  Really?  What is it's market share?