The Game of the Year nominees unsurprisingly include Call of Duty: Black Ops, God of War 3, Mass Effect 2, and Red Dead Redemption. But the presence of the fifth nominee, Angry Birds, speaks volumes about the direction of the industry. You can check out the full list of nominees on a PDF from the AIAS site.
Red Dead Redemption deserves kudos just for attempting what is seemingly an easily exhaustive subject matter.
Black Ops, however, is just status quo. Even Mass Effect 2 is a slightly bit more deserving.
I would say Mass Effect 2 is a lot more deserving. Black Ops isn't bad but I wouldn't say it is top 5 this year by a long shot.