With the endless parade of awards shows prior to the Oscars and the growing list of people covering this aspect of Hollywood perhaps it does make it more and more predictable every year. Also perhaps a strange phenomenon of when a movie/actor wins a couple awards it then gives birth to a narrative and its a self fulfilling prophecy. Probably thinking too deeply, there is always value to be had in every environment, just nothing materialize to the point of cashing this year.
Will say though the awards would mean more and probably be a lot more unpredictable if the Academy had just the specific branches voting for their own award. ie cinematographers vote only for cinematography award etc. Find it ridiculous somebody in makeup can be casting a vote for best sound mixing or vice versa. At the end of the day that's why we get so many obvious winners because 90% of the people voting don't even have a clue what they're voting for. The winner for best sound/costumes/production design/editing and all these tech categories is almost always "the most" costumes/sound etc. Its rather pathetic. Although I suppose this whole awards season in general is a joke. Not sure where degenerate gamblers who then follow this stuff and place bets figure in...LOL