Lmao, MGA2 getting a Oscar.
I think if any content from Newgrounds is going to win any sort of mainstream award, it will have to be for something utterly professional, original and clearly driven by an inspiring concept. I'd imagine that if you wanted something to get an Oscar nomination, you'd have to first whore it around to other film festivals and try to dominate on these smaller competitions. This of course would stick past success to the reputation of your work and yourself as an artist. Unless someone REALLY has that set as their final goal for the animation, I don't see that happening.
A lot of content on Newgrounds is awfully short lived, not that it should be. I'd love to see something like Waterlollies being submitted to Tropfest here in Australia, instead of badly animated cartoons ripping off "Fosters Home for Imaginary Friends" winning.
Always nice to dream though Tom! I'm sure you might have inspired someone out there with this.