Well, this has been fun. Hopefully people will be able to read this! From both of us, good night!

Alright, Peter, fine. You did predict Hurt Locker. I'm just too busy rejoicing that real films (with real actors addressing real issues) are still the most recognized.

And for the record, although I wanted Avatar to win, I did predict this would happen. Congratulations to everyone involved with the film.

I should probably see this movie now...

Oh yes. Hurt Locker takes it all! Peter Jacobs wrong again. What an excellent year in film.

From NY Times: Sandra Bullock is now the first actor to recieve an Academy Award and a Razzie in the same year.

Thanks for stopping by, Julie.

Thanks Julie!

SO HAPPY! Okay guys, I'm out, have fun for the end.

Time has come indeed. Excellent choice, Academy.

Like the 2008 Elections!

Best Director could be a woman, an African American man, or, maybe, just another white guy.

Your grandmother is hilarious. And right. Miss Congeniality, the first, is kick ass. That said, the Meryl Streep joke was pretty awesome.

I honestly thought she was better in Ms. Congeniality. I also enjoyed that film more.

I really can't believe it...my grandmother believes she should have won many times before for Ms. Congeniality, Ms. Congeniality 2, etc., etc.

Just let it be known that when Sandra Bullock won Best Actress (AGH STOP IT WITH THE RACIST MOVIES) Rabia chucked her book across the room.

THIS IS SUCH BULLSHIT!

Could Sydney also analyze the appearance of Cindy Crawford in every commercial? Oscar commercials should be more like Super Bowl commercials.

Woah, Oprah makes an appearance.

Ha! That's two against one, Peter. Also, what is with the the JC Penny commercials?! I never understood why the ads aren't more exciting during the Oscars (although Sydney, ad aficionado, just said they're all new, for the most part). Also, I really wish Precious would win for Best Picture, but that's never, ever, ever going to happen.

Julie, I am sincerely agreeing with you. I'm just trying to rally against Peter. (Go Hurt Locker). I must, however, agree with Peter that all the Best Actor and Actress nominees are good choices for the award (err, well, Sandra Bullock).

Yeah they've been doing good work with the tributes. I really liked all the male nominees this year. Same with the actresses, all strong performances.

Jeff Bridges, very deserving...dude. That Oscar will really tie the whole room together.

Yea I picked up that tone from George's "Well, thanks." We'll agree to disagree. On another note, I like that they just did this "recognize the dudes" thing. It was very dignified, and completely understandable because they all were deserving.

I did NOT realize he had 5 nominations. Obviously very much deserved.

I think the exact opposite. Avatar should win (best filmgoing experience of the year), but I really do think Hurt Locker will take home the statue.

Well, thank you, Julie.

(Btw, weird things are happening ... I can't see the text of what's happened so far when I'm typing. JAMIE, help!) Umm, my pick for who should win? Hurt Locker. Who will win? Avatar (maaaaaaybe Up in the Air). And then I shall throw things at my TV.

Julie, what's your pick for best picture? Peter and I are having a little dispute here.

Kathy Bates > Keanu Reeves

Hey crew, just stopping by to say hi. Also, look at that face! Meaning Alec Baldwin's, meaning all the ridiculous facial expressions he's been making so far.

Not that I've seen any of the foreign film nominees, but I wasn't expecting el Secreto de Sus Ojos to win. Added to my list.

Why does Keanu Reeves get to introduce the Hurt Locker? Why?

Oh, look. Hurt Locker and Avatar both have 3 now. They're tied.

"They just said my name at the Oscars, he, he." Thanks, Tyler Perry

Dream Team. Avatar takes another.

Breakdancing ballet.

Hip-hop dancing to very serious music is just bizarre. Takes away from the greatness of the scores it's presenting.

The tributes are always nice.

Called that. 2-2. And Team Avatar got real awards.

Seconded.

I still don't love Sandra Bullock.

John Travolta + Inglorious Basterds is a fantastic pairing.

Elizabeth Banks. Cute, but not funny. At all.

First of (hopefully) many for Hurt Locker. Get excited world. (Screw Avatar.)

I don't understand why his appearence is supposed to entice me to stay.

Why is Taylor Lautner coming up next? We've seen him wayyy to many times tonight already.

I predicted Bright Star. I wasn't too far off. But thanks, Sandy Powell, for shitting all over the Academy.

First of (hopefully) many to Avatar. Get excited world.

Why did Peter Saarsgard shave his head? He looks mad scary.

No, Samuel L. Jackson...

Can we see Morgan Freeman again? She's talking about black people.

Mo'Nique is so incredible in Precious. Deserves it 100%.

Wow, and they show Morgan Freeman after Precious wins...because he's black.

Woah! Precious gets it for adapted screenplay!? I was really hoping Up in the Air would be recognized. It's really a shame that Up in the Air is being swept under the carpet this year.

Congratulations, Star Trek.

This is legit hysterical. Nice tail.

Wow. Ben Stiller is actually funny.

The live-action shorts look so good. I wish there were more opportunities to see them. Hopefully after this recognition there will be.

Did that purple-dressed woman confuse anyone else?

And Logorama takes it. Finally something creative winning!

Pleaseee Logorama!

I will say the next two they introduce will be Precious and An Education for the same reason.

Note: The three films they've highlighted so far (Blind Side, District 9, Up) would not have been nominated if there had only been 5 noms.

I'm sadder watching this then when I first found out he died. This is really well done.

Totally agreed. The man made some of the best movies of the 80s/ all time. Well placed tribute though. Very appropriate.

Why didn't people make a bigger deal about John Hughes dying this year?

It's nice that Hurt Locker won though. A relevant but unopinionated film about Iraq is certainly deserving.

I'm legitimately surprised. I would have called Quentin or Up.

Come on Quentin, you got this.

And the bow-tie.

I love Tina Fey. But what's up with the sunglasses, Robert Downey Junior?

"I love you more than rainbows baby" is my new favorite line.

I'm glad for Crazy Heart. The music is what kept that movie going. Well, that and Jeff Bridges, of course.

Yes, but I would like to hear the songs performed like in past years. This year has some good songs.

I like that they're doing behind the scenes footage for Best Song.

The only downside of this is that Up won't win BP.

Okay, that's fine, Up deserves it. But Mr. Fox, you're still the best in my heart.

YES!

Oh my God I loved Up so much. SO MUCH!

Is this the first iPad commercial? Looks realllllllly cool.

I still can't believe Blind Side was nominated for anything.

Nice speech, Mr. Waltz. Though, you've had enough practice with all those awards this year.

All right all right all right. Mazel Tov Herr Waltz.

I like all of these Supporting Actor nominees.

If they're doing this much footage for Supporting Actor they better show the whole movie for Best.

They're getting the unsurprising ones out of the way first.

No, Zach Efron and Taylor Lautner will not be Steve Martin and Alec Baldwin in 5 years. They're not talented.

"Who doesn't like Sandra Bullock?" That's enough of a joke for me.

Showing the Coen Brothers after mentioning the Jews is slightly inappropriate.

I don't like George Clooney's hair.

Why is Dave Foley at the Oscars?

Woody Harrelson punched a photographer because he thought he was a zombie. That is all.

Hugh Jackman was so much better than this. Two heads are really not better than one.

Nobody makes fun of Helen Mirren and gets away with it...

The 10 films for Best Picture was bad idea. They didn't make a good joke about it though.

I don't get the Tolstoy joke.

SO CUTE TOGETHER!

Nice lead in to having two hosts. Kind of annoying song though.

Neil Patrick Harris?!

Really cool Black and White feel.

I like this intro. Let's also not forget Sir Ben made out with an Olsen twin.

Interesting opening. Good thing they're eliminating the possibility of actor's name slip-ups. Sorry, Sir Ben Kingsley.

Here we go...

If the Oscar goes to Sandra Bullock I will cry. Go Gabourey.

Meryl Streep deserves this. It's really too bad that the Oscar is going to Sandra Bullock.

MERYL STREEP WEARING CHRIS MARCH! PROJECT RUNWAY WIN!

Taylor Lautner sounds as annoying as he looks.

You go Gabourey!

ZING!

Because they need the preteen girl viewership

Why does she look like she's 30?

Why is Miley Cyrus here?

Sweet. It works. Thanks Jamie.

Let the wild rumpus begin! Peter and I will be here blogging all night long.