There is absolutely something to be said about the picks the Academy makes, especially in recent years. Consistent snubbing of certain subject matters, apology picks, guilt picks, etc just kinda begs to question the validity of the whole affair. What exactly gets snubbed differs from person to person as well, to the point it is almost bordering on conspiracy theory.
For example, I had a teacher for German in high school who was also a huge film buff. He was adamant that the Academy would consistently snub best picture from anything involving nazis or the holocaust. I can't remember his excuse for Schindler's List winning but I think it was pretty crazy like "It made the jews in Hollywood feel good about themselves!" or something along those lines. I think it is still worth watching and there is definitely still acclaim and promotion from the winners. Hell, even nominees get acclaim. Jackass Presents: Bad Grandpa is now an Academy Award nominated film forever. Let that one keep sinking in.
I haven't seen The Wind Rises yet. I wanted to go see it today but I'm being kept in on account of Winter Storm Titan: