Eh. When I look at the Hugo lists, I'm looking for truly excellent work to read. It still checks that box for me more than other awards I'm aware of, so I don't feel it's devalued. The winners still seem very deserving. You could argue (and I think you may be) that many runners-up are also deserving. Of the stories that deserve to win, they choose one they more endorse the message of. That seems fine to me.

I've only really sought out the short story winners, but they remain really really excellent, and who cares about the subtlety. A sledgehammer can tell a great story, and at the end of the day, it's the greatness I care about, not how it's achieved. Last year's winner, Welcome to Your Authentic Indian Experience™ for example, wasn't exactly subtle, but it was really really excellent and enjoyable. Likewise the year before's winner: Seasons of Glass and Iron.

Between writing and editing this comment I read this year's winner and decided you are absolutely wrong.