Javier Bardem IS a great actor with plenty of range, though. The thing is, it's just a juicy role (much like Daniel Day-Lewis's), and the Academy looooves to reward people for this type of thing.
But who cares about awards, really? Other than serving as some sort of validation for your personal tastes, they are meaningless - especially stuff like the Oscars. Fun to discuss, but they will not affect how a picture is seen twenty, thirty, or even fifty years from now.