Rather than obliquely detailing the issues surrounding awards in general, I'd rather prescribe concrete improvements to the existing awards programs. If all of my suggestions are taken, the root problems of comics won't be solved, but we'll have three more effective awards programs, a not insubstantial thing. They're not far off in comparing themselves to the Academy Awards in terms of their relative stature within most of the industry good and bad. The problem is that the Eisners vary a little too much year to year, but not in an interesting or useful way. Only certain kinds of books tend to suffer.
Structural difficulties are the toughest to overcome.
For many reasons, not the least of which is having to admit there may be a problem in the first place, this isn't likely to happen, at least not soon. So in the meantime, I'd like to make another suggestion. A concrete change in the Eisners that would be much easier to make is to eliminate all awards that have nothing to do with the comics medium. I also realize it's just plain nice to get awards, making it difficult to deny this real pleasure to people for the sake of subtly but substantially improving an awards program's effectiveness. Now that such awards have been expanded to include statues and candy bars, the poor logic at the heart of these categories has become even more apparent.