The Tony award means about as much as a high school diploma.
The Tony Award Ceremony is mostly about advertising. As Mandy Patinkin once noted, it's just a two-hour television commercial.
And in this day, if you are not advertising something or selling something YOU HAVE NO MERIT AT ALL.
"Impossible is just a big word thrown around by small men who find it easier to live in the world they've been given than to explore the power they have to change it. Impossible is not a fact. It's an opinion. Impossible is not a declaration. It's a dare. Impossible is potential. Impossible is temporary. Impossible is nothing.”
~ Muhammad Ali
Time to be cliche: Next to Normal should have won Best Musical (and Aaron Tveit should have at least been nominated; might as well throw this one here since I'm being cliche).
American Idiot deserved the Tony: it wasn't a great musical, but certainly better than the other ones that opened in that season too. And Ragtime and Into the Woods should have won Best Musical.
Gypsy should have won instead of that tie between Fiorella and the Sound of Music happening, like someone has rightfully said in this topic.
The Glass Menagerie should have won Revival last year
Grey Gardens, Drood (revival) and Violet were excellent productions, if they had opened any other season I would think they should have been awarded the Tony. But I am very pleased with the outcomes of those years (Spring Awakening, Pippin and Hedwig).