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I agree with you. Once the Academy started promoting those Art House type films instead of the more mainstream films most people see they lost me entirely.
I don't think I have been interested or even watched an Academy Awards show in at least 15 years or more.
When I was a kid growing up in the 1960's it was treat to watch, chances are I had seen most of the movies nominated and I always had an actor or actress I was pulling for.
Except for a very few, most of today's so called stars are crass, vulgar, classless, and of very little real talent.
I haven't seen any of the nominated films and the only one I was interested in was "The Aviator" except that DeCaprio is terrible casting for the role of Howard Hughes. Will wait for the DVD at this point.
Now the Academy has really taken a dive with having Chris Rock host and who knows to what depths he will sink with his jokes, etc.
Give me Bob Hope or Johnny Carson anytime, true class acts that have not been seen since they left. Remember the year Carson's protege David Letterman hosted, what a flop he was.
Well count me out again this year. Until Hollywood and the Academy start catering to their real customers again I won't be watching.

What art house type films? And besides the only way a good small film can reach a wider audience is by a being recognized in this manner. You think The Oscars should just do the bidding of studio marketing depts. and hype big budget studio product?

Now the Academy has really taken a dive with having Chris Rock host and who knows to what depths he will sink with his jokes, etc.

I have to disagree with you there - out of the current batch of comics, only Rock and Dennis Miller are even capable of intellectual comedy. Rock is marginally PC, but drifting toward the more conservative side at times; Miller is as Un-PC as most of us here.