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I don't think 10 nominees waters down the final award. What I'm interested in seeing if it actually brings more mainstream successes into the limelight (not necessarily a terrible thing) or just more art house fare (also not a terrible thing but not good for ratings).
I'd be very much in support if it were used as a way to kill some other categories. Hold earlier voting on Feature Documentary, Feature Animation, and Foreign Language Film and announce those winners at the overall nominee announcement with each guaranteed one of the 10 Best Picture nomination slots.
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