Good news, everyone! The Hype Index has returned — in video form as part of our new web series Soundbytes. And could we have picked a better week in the world of pop to rate and judge this week’s biggest stories? This first week of August brought us the 2012 MTV Video Music Award nominations (and some hard to ignore snubs), premieres from Rick Ross, Nicki Minaj, Mariah Carey and Justin Bieber. We also got some unexpected news from Snoop Dogg (err, Lion) and Pitbull, while untameable Miley Cyrus was up to the same old, same old. Watch above to find out what else made the grade.