Aren't the Oscars actually IRRELEVENT?

Aren't they just a bunch of movie people patting each other on the back, voting for their 'friends or fellow brown nosers, or downright being 'bought' for their votes?

You just have to look at the list of nominees throughout the years, the winners and losers, and those that have been blatantly left unacknowledged.

(For example, Nicole Kidman winning best supporting actress for a five minute stint in The Hours, where her prosthetic nose actually upstaged her 'performance'. Ridiculous!)

Yes, I know sometimes ...once in a while...they get it right, more or less, but isn't it all just about nepotism and $$$$ and not really about rewarding true talent?

Anyone agree?