I don't have any faith in the Academy. (I know I'm going to get flamed for this.) If LOTR does well in the Oscars,that would mean that the Academy and I might actually agree on something...and that scares me. :)
I am sure that you have noticed that the campaign for Oscars this year has gotten down to the level of a campaign for alderman in Chicago! Perhaps it will cancel out, since there have been no attacks on Hobbits yet (this sort of thing seems to be saved for Free Republic)!