Hollywood has gotten into an "us vs. them" mentality, and we - conservatives, traditionalists - are "them." When half of the country feels that the Oscars are likely to be used as a platform to mock their values or their political choices, they tune out. Plus, so many of the entertainers are simply boring as individuals; without a script, they have nothing to say. And finally, speaking as a male, none of the actresses have feminine bodies anymore; they've got these dresses down to their navels, but they've got nothing to show.
With the exception of Scarlett Johannsen (sp?), I agree :)