I don't really know if you can tell from the above sentence, but my focus will be on the 'foreign-ness' of The Artist to American audiences - it is a silent movie, and made by the French. However, there are many elements of the film which are not very foreign actually, e.g. the plot (it flatters Hollywood), the story the plot is based off, the setting, the distributors in America etc. So maybe it isn't too hard for the Oscars to award this film so many awards as actually it reflects themselves, and their own work.
This really needs some refining!
Essentially, a very nice idea. You may want to emphasize the "foreigness" initially in order to offer a strong counterargument (which you succinctly make a strong case for above).
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