According to some, this was what Saving Private Ryan was snubbed in favor of, allegedly due to a campaign by Miramax. A campaign so effective, in fact, the Academy members are said to have actually booed the latter film. Needless to say, the film gets A LOT of hate for said snub. Rejection, thy name isRyan.
Likewise Gwyneth Paltrow winning the Oscar for Best Actress in favour of (at the time) the relatively unknown Cate Blanchett for Elizabeth.
Hilarious in Hindsight: The Earldom of Wessex hadn't existed for nine hundred years when this movie came out with a fictional Lord Wessex as the villain; a year after the film's release, Prince Edward was created Earl of Wessex on his marriage. Maybe the Queen was a fan of the film?
Hype Backlash: Inverted. People seem to forget it's quite a good movie due to anger over the Best Picture win. Among Rotten Tomatoes' Top Critics, its Tomatometer and average review score are nearly identical to Ryan's.