He got mixed responses from critics. Plus, look who this young kid was up against:
As Good as It Gets (1997) - Jack Nicholson (winner)
Apostle, The (1997) - Robert Duvall
Good Will Hunting (1997) - Matt Damon
Ulee's Gold (1997) - Peter Fonda
Wag the Dog (1997) - Dustin Hoffman
Looks like he got beat by the other young kid...Matt Damon...
Makes sense, though. GOOD WILL HUNTING was VERY well received. Titanic was generally positive but had its share of criticism. DiCaprio's performance, I thought, suited the film well but was too about his looks and not enough letting himself go.
"The Spectacle has, indeed, an emotional attraction of its own, but, of all the parts, it is the least artistic, and connected least with the art of poetry. For the power of Tragedy, we may be sure, is felt even apart from representation and actors. Besides, the production of spectacular effects depends more on the art of the stage machinist than on that of the poet."
--Aristotle