He's still a better and more entertaining actor more than half of the newer actors out there today.
I would say the same about Chris Rock as well, but he has not been in anything as an actor since before the 2010's, I am still kinda perplexed how he got a spot in the Oscars this year, but then again the Oscars kinda exist in their own reality existing outside of time and space. Still a infinitely better act than anything else there, especially compared to the dreadful Amy Schumer.
People can be high and mighty about this shit all they want and either pick sides or try to condemn Smith, but the truth is this event will literally be the only thing remembered about this Award show for years to come until they decide to dismantle the show due to ratings being so piss poor when younger people give absolutely no fucks about these kinds of shows anymore aside from when the host or comedian comes on and tries to shake apart the Hollywood circlejerk in the public eye for the sake of comedy (Thank you Ricky Gervais).
I can understand why people think its faked, because this was the most exciting thing that has happened on a show like this in years if not decades. Its not at all fake, but it gave the awards more attention now than it has ever had in probably 20-30 years. I wouldn't be surprised that in a few years they will patch things up behind the curtain and be paid an absurd amount of money for both of them to show up again at an awards show and do an act together just for the sake of drawing attention. That is PR that will just generate good will and eyes for everyone.