The music industry has gone way down and if you haven't realized that then you've been under a rock for the last few years. So much crap qualifies for an award now. They give a Grammy to anyone that can sell records. The newer generations couldn't care less if someone can sing well, they don't care if the music is good quality as long as they can groove to it.
Case in point, Apple uses Lady Gaga to demo PING. Now, she sings okay but there's nothing extraordinary about her. Instead, they brought Coldplay on stage to perform instead of using them to demo PING, why? Because what sells is what's "popular", not what's good anymore.
I have a different, more optimistic, view on this. To me it's more a sign of the growing long tail.
Mainstream music events and TOP-whatever lists simply don't represent the musical taste of a large part of the population anymore. They may have, decades ago, and It'd be depressing to judge society's taste by way of looking at those lists today, but I don't think you should do that. The reason why so much crap qualifies for an award now, is that, even "hits" don't sell in really huge quantities anymore. Instead, there's a wide range of relatively obscure artists who sell music in small volumes. But I truly believe that it is easier than ever nowadays for them to find their audience,
if they are good. There's simply fewer artists that people can really agree on, and naturally, the kind of music that
does achieve mainstream success will
often have been purposefully produced with the lowest common denominator in mind. That's why you now have Lady Gaga playing at an Apple event. She's an artist that comparatively many people can agree on - but still, I'd expect, not actually a lot of (adult) music listeners. By the way, I hope that video clip made S.Jobs cringe and he just didn't show it.
But people have enormously varying tastes of music nowadays, and I think that's a positive thing. There's also a lot of money to be made despite this diversity because of the absolute ease of distribution in the digital world.
And, for example, who would have thought back in 2005, when Arcade Fire's "Funeral" was released and celebrated by a still relatively small indie community, that they'd be an absolute mainstream success one day. Isn't that a good sign?