Have you noticed that there is nothing on the list that was released in this century? Surely Saving Private Ryan or Benjamin Button are more important films than Bringing up Baby or Yankee Doodle Dandy? King Kong??? Give me a break.
That list is not supposed to be inclusive. It was part of their 100 years of film celebration. From their website . . .
"AFI's 100 Years...100 Movies is an 18-month celebration that began last November when AFI invited more than 1,500 leaders from across the American film community - screenwriters, directors, actors, producers, cinematographers, editors, executives, film historians and critics, among them - to choose from a list of 400 nominated films compiled by AFI and select the 100 greatest American movies. The nominated films were all made in the first 100 years of American cinema (1896-1996). Movies produced after 1996 were not included. "