TITANIC won a best pic oscar; so did CHARIOTS OF FIRE. Geez, KRAMER VS KRAMER beat APOCALYPSE NOW and ALL THAT JAZZ for Oscar, and don't get me started on how BOUND FOR GLORY, ALL THE PRESIDENT'S MEN, TAXI DRIVER and especially NETWORK could lose to ROCKY. That's up there in WTF! with BABE beating APOLLO 13 for the VFX oscar.
With all that in mind, yeah, sadly it's possible SKYFALL could win an Oscar. But just because you can do a thing, Academy, doesn't mean you should ... especially with this one.