TRANSFORMERS 3, hell no. HARRY POTTER 8 or CAPTAIN AMERICA 1, hell yes. Once in a while, you get a great popular movie like THE DEPARTED. It's the best of both worlds. Now I'm off to post my personal favorites on a separate thread.
Captain America for BEST PICTURE? Seriously? It was a good movie, but it's not a GREAT movie.
If I had to choose a popular movie that didn't get nominated that should, it would be Bridesmaids. (which got a couple, but should've been nominated for best Pic.)