The International Academy of Digital Arts and Sciences?
The Webbys, which could have been something original and creative, has become a spamfest, all the sites are commercial and none are really independent, one man shows where someone has done their own graphics, layout, content and flung it to the digital wall hoping it will stick. Looking at the entries and the winners is like seeing a bunch of corporations patting each other on the back. Not that interesting really.
If you really want to find the cutting edge, entrepeneur sites now you need to look at places like Stumble Upon.com