The Artist definitely deserves the accolades that it has been receiving. It is a very inventive way to tell a story in silent film form during this day and age where one has access to just about everything to tell a story. The story was predictive and about love. Of course in this form the performances need to be top notch for the movie even to work. Because it is a silent film, you become acutely aware as a viewer of the theater around you. So I had a guy choking on candy next to me, and a few rows over too loud of laughers for a silent film. Another observation of silent film is that it is a very disconnected way of storytelling. There definitely was a wall where you cannot identify with the character or get invested in their story because it is a very two-dimensional portrayal of real life.
As a Hollywood observer, I would say this movie is getting praise because of the nostalgia for the art form of silent films and to have the skill to create a film like that today deserves to be praised. Once I see all the films, I will comment if it deserved the Golden Globe. I feel like after this award season it is easily forgettable, which is unfortunate.