The Academy Awards are an irrelevant spectacle run by those who have been out of touch for ages. I mean, really, The Artist for Best Picture? It's a movie built around a cheap gimmick; it's not necessarily bad, but do you really think that it will stand the test of time? Will it matter? Will anyone still be talking about it in 10 years? Or 5? Hell, even 1? (And the same can be said of other "Best Pictures" over the ages, from How Green Is My Valley to Slumdog Millionaire, from My Fair Lady to The King's Speech, from Shakespeare in Love to Crash, etc., etc.)
At least Sacha Baren Cohen got a good joke on Ryan Seacrest; Joel McHale must have really enjoyed that one.