I never watch...but don't look down on people who do.
My mother-in-law was a seamstress in Hollywood and worked on a lot of movie/TV show sets. VERY FEW of the stars she worked for were human enough on the inside to deserve the self-gratifying awards they give out to each other. I would only root for the 5% of the Hollywood movie star population that was nice to my mother-in-law and since they're nice, they don't get awards. Only three of the stars that she's worked with were nice and they were Ellen Burstyn, Kyle Chandler and Jewel. Others, such as Rob Lowe, were total tools to her. I have a picture of my mother-in-law with Kyle Chandler on her lap because he liked HER so much, HE asked to have his picture taken with her. If I ever get it scanned, I'll post it. I love him.
Anyhow...no, I don't watch the award shows. But I do like to look at the nauseating things the women wear. Seriously, I saw Kiera Nightly wearing something once that looked like she'd wrapped herself in about $10 worth of gauze strips.