I agree. I completely skipped the VGAs this year (only watching the trailers as they were posted on GameTrailers), but if past iterations are anything like this year's, I'm sure it was just awful.
Again, the problem seems to be the VGAs desire to attract a "broader audience" to watch the show, not seeming to understand that the people who would want to watch an awards show for video games would want to see, ya know, video games and the people who make them talk, not D-list celebrities. There's just a big disconnect from who seems to be making the nominations and those actually running the show.
One might get their hopes up when a game like Bastion is nominated for so many awards in a "mainstream" show, but it's rather telling when then, every single last award it was nominated for (and in turn, won) weren't featured on the show.