Also, Angry Joe on Why the Spike VGAs suck.
I think I've only watched the VGAs twice. One time wasn't so bad, the second time I turned it off halfway through. The big thing that annoyed me is that they stretch it out way too long. They just don't have enough material to justify the running time.
Also let's face it, the Spike VGAs are very carefully and deliberately targeted at the "Bro" demographic - the frat-boys who pretty much only play Halo. Utter the word Ikaruga around these guys, and they'll say their girlfriend thinks rugby is icky too; mention Eternal Darkness an they'll say they studied that painting in their art appreciation class. ;]