Not that the oscars mean anything to me, anymore.
Heya Sheriff!
I absolutely agree with this sentiment. 100%. This is still me on the subject of BBM and the Oscars ---->

On one hand it would be nice if the Oscars awarded Heath something, posthumously. But, at this point, I agree that the Oscars have lost credibility (with me at least). And this goes beyond Brokeback... with the snub of BBM I've learned a lot about the Oscars' dubious track-record of snubbing first class films and people quite frequently.
So, after looking at this thread, I performed my little ritual when I find myself getting all upset about the Oscars. I went to imdb and did some rather cursory research on other major cinematic figures and films that have been snubbed by Oscar. Heath and Brokeback are in really good company (and that said, the total number of other non-Oscar wins for BBM is still jaw-droppingly impressive when you compare it to many historic films).
The best example of a ridiculous Oscar snub was
Citizen Kane, which of course many people believe is the best film ever made. So, in this case, history has really proven Oscar wrong. In 1942 it was nominated for 9 Oscars. It only won one for Best Screenplay. It lost in the categories of Best Picture, Best Actor, Best Art Direction, Best Cinematography, Best Film Editing, Best Music/Score, Best Sound, and Best Director. The fact that it lost in the categories of cinematography and director is really, really laughable... since in almost all standard histories of film, Kane is cited as one of the best/ most innovative examples of both of those categories.
Here are several, somewhat random examples of other towering figures in film history snubbed by Oscar:
Alfred Hitchcock never won an Oscar.
Cary Grant never won an Oscar.
Lauren Bacall still has never won an Oscar.
I think these 4 examples are shocking. They've all been nominated, but none of these have won. These examples are reassuring to me because they prove without any doubt that a person or film can have a major, major impact of cinematic history without Oscars' recognition. And, in some sense, these snubs make Brokeback's 3 wins look very good.
I don't mean to be totally and completely negative about the Oscars. Sometimes they do get it right or make good gestures of recognition. But, the number of serious "misses" in Oscars' history really makes me wonder about the clout that this one, singular award ceremony holds.
here's a footnote about Citizen Kane's one Best Screenplay Oscar. This is a quotation from imdbBest Writing, Original Screenplay
Herman J. Mankiewicz
Orson Welles
On Friday, July 19th, 2003, Orson Welles' Oscar statuette went on sale at an auction at Christie's, New York, but was voluntarily withdrawn so the Academy of Motion Pictures Arts and Sciences could buy it back for just 1 dollar. The statuette, included in a large selection of Welles-related material, was going to be sold by Beatrice Welles, the youngest of the filmmaker's three daughters and the sole heir of his estate and was expected to sell at over 300,000 dollars.