Munkus-The Tony Awards are a co-venture between the League of American THEATRES and PRODUCERS and the American Theatre Wing, a service organization whose Board of Directors consist mainly of PRODUCERS. Saying that the Producers should not be the deciding factor in who receives a Tony is like saying the Critics should not decide who gets a good review (or the Outer Critics Circle Award).
As for Peters v. Winoker, it was clear that Hairspray, which got better reviews than Gypsy, had momentum carrying it from August and Harvey and Marrisa were really fantastic together. Reidel decided to be particularly cruel to Peters that year and that, cobbled with her Tony win from her recent revival turn (with Reba McEntire replacing her and receiving better notices) it simply "wasn't her year" as far as the Tonys were concerned. I was not particularly shocked.
As to Banderas v. Fierstein, while Antonio gave a very nuanced performance in a beautifully staged revival, there's nothing like a star turn in a well-done new musical comedy - especially one given by a star with Fierstein's pedigree. And while I missed Banderas once Stamos replaced him, I've yet to see someone ground Hairspray like Harvey did. It wasn't just a comedic turn, it was the heart of the show.
Just my opinion, and I'll leave it at that. I have clothes to iron for the Tonys tomorrow and my diet pill is wearing off :)
I wish the stage were as narrow as the wire of a tightrope dancer, so that no incompetent would dare step upon it. -Johann Wolfgang Von Goethe