RE: The List Itself...
Two out of the ten are "critically acclaimed" films, Shawshank and 2001, where as the other eight are pure, escapist, mainstream films...
So I agree that this list is very arbitrary in that it is not a real reflection of how Hollywood works in terms of the nominating and voting process right now.
Also, the big thing that determines what films win what these days is if the film and its genre are going to keep getting people work... And I am talking about the behind-the-scenes talents more than the actors in this case.
This precisely why films like LOTRs are so popular now with the Academy.
There is a enormous sub-industry of visual and special effects houses that exist now thanks to all the CGI and other effects more and more films are using these days that include dramas and smaller films as well as big summer blockbusters.
For example, having a character age from their 20s to their 60s can now be done with makeup AND digital post-production enhancement with the same actor playing both roles instead of hiring two actors and having to pay them separately.
Opening title sequences are actually subcontracted out to digital effects firms and that is the only thing they do on the entire film... But it is still work that needs to be done.
The Super Hero movies definitely fall into this category as well as they are heavily effects laiden just as their sci-fi and fantasy counter-parts.
This is primarly why the trend is "changing" and the visible part the fans see is the kind of movie that is now getting recongnition -- Like Fantasy and Sci-Fi.
RE: Personal picks for the list...
Even though I just revealed why fantasy and sci-fi films are starting to appeal to the Academy...
Part of me still thinks the best examples of true film making are ones where there are no flashy effects and it is just the strength of the actors and story being told:
-Shattered Glass
-Life as a House
-The Emporer's Club
-Radio
-Saving Private Ryan
-Jerry Maguire
-The Breakfast Club
-Glory
-Field of Dreams