I thought Kelsy deserved it. The final episode of Frasier was one of the best series finales ever. I'm going to risk being lynched, but I didn't think John Ritter really deserved the nod because he was only in one episode that whole season. Yeah, it's nice sentiment, but that he shouldn't have been qualified for Best Lead Actor. I feel the same way about Matt Le Blanc except that it has to do with the quality of his acting.
To me, Larry David, Tony Shaloub, and Kelsy Grammar were the best of the nominees.
"I've got to get me out of here
This place is full of dirty old men
And the navigators and their mappy maps
And moldy heads and pissing on sugar cubes
While you stare at your books."