At Sundance you could stay in Salt Lake City or Heber City and have fun. Free busses.
Oscars are not about the arts, nor about quality. Never was.
As always with any kind of film festival you are exposed to the bleeding edge - so yeah, you are going to see some bad films. That’s part of it. Though I noticed that even bad films – especially well made ones that I think are totally misguided in the ideas they express – help me broaden my horizons, understand myself better and maybe also understand the world better.
So yeah, long story short, I don’t think film as an art form is dead and it also won’t be in the next century or so. Maybe certain films won’t be made in the future – I’m currently mostly sad about practically no mid-budget films being made – but I’m totally certain that there will always be great films.