LIVE BLOG: 82nd Annual Academy Awards

FINAL THOUGHTS: Women with the most gracious speeches, especially Bigelow & Bullock. Ben Stiller the funniest. Jeff Bridges still the man. Just a great night for being with the letter "B" in their names.

12:02 a.m. And the night is up. Very abruptly. Baldiwn & Martin close down halfheartedly with Martin clutching Bigelow's Oscar and making an Avatar joke.

12:00 a.m. Bigelow, Boal, Shaprio are up there as well as Renner, Mackie & Geraghty! That was some serious celebration on the guys part. And that's six Oscars for THL.

11:59 p.m. And, Holy S*** that was fast. Tom Hanks just awarded The Hurt Locker with Best Picture. (!!)

11:56 p.m. Bigelow is even hotter while nervous. She honors her fellow nominees (incredibly gracious, these women have it down), as well as the people of Jordan, and finally to the people fighting in Iraq. This is incredibly well deserved, even though the story of THL winning became a bit omnipresent near the end (this is the business of storytelling, after all).

11:55 p.m. Kathryn Bigelow wins Best Director!

11:53 p.m. We got it, Barbara. A woman could win for the first time. Or a black person. And we know how much Avatar made. I met you in my dining room once. I should have warned of screwing up this moment then!

11:52 p.m. Barbara Streisand presents Best director. Hmm, wonder why...

11:42 p.m. Michael Sheen admits he was attracted to Helen Mirren. Hottie. Peter Sarsgaard on Carey Mulligan. British people, everywhere.

11:40 p.m. Forest Whitaker on Sandra Bullock. His voice is so soothing. "Tangible", "magical". Say "Mufasa", Forest, say it again, "Mufasa"!

11:39 p.m. And now begins the Best Actress clip montage. Too short, but this will balance out what's to come.

11:33 p.m. Who's drinking White Russians tonight? Big Lebowski challenge! At this point, I'm pretty sure Bridges is one of those incredibly functioning high dudes. Do they come engineered that way? Regardless: respect.

11:32 p.m. And The Dude has won! Finally! Fifth times a charm old boy. There's the standing O.

11:31 p.m. Colin Farrell on Jeremy Renner. Yes, Farrell just made references to blacking out in Mexico and spooning with Renner. That'll keep the gay watchers up for another hour tonight. That will also help soothe the pain after Firth's soon-to-be loss...

11:29 p.m. Ted Tim Robbins on Morgan Freeman, talking Shawshank stories. My sister asks: "is winning Best Actor now contingent on being a nice guy?" Truth.

11:28 p.m. Julianne Moore on Colin Firth. Moore, another person who has been snubbed countless times. These tributes are getting quicker post-Pfeifer. PP, it's a new term. Dig it.

11:26 p.m. Michelle Pfeifer is done about Jeff Bridges. Thank god. Now Vera Farmiga on Jorge Cluny. I have a slight to serious infatuation with Farmiga so this is fine.

11:24 p.m. This is confusing: a mashup of all five actors clips for Best Actor? And now all their costars on stage to present them? Oh god, they are telling personal stories. Last year was a failure with these awkward tributes. Academy, why don't you learn!?

11:21 p.m. Side note: when the f*** is the Academy going to honor Michael Haneke? He was the filmmaker of the decade, honestly one of the most visionary directors out there right now. Faith in Academy dwindling even more.

11:17 p.m. Argentina wins for The Secret in Their Eyes. Well, none of their seven athletes won at Vancouver. Spanish garble! Ahh, Penelope Cruz flashbacks from last year.

11:15 p.m. Almodovar & Tarantino are on stage introducing Foreign Language Film. What.Country.Will.Win. Olympics 2010 round two! Down with Canada!

11:09 p.m. Keanu. Kung Fu. Locker. Hurt.

11:07 p.m. That's 4-3 for Hurt Locker to Avatar. Looks like THL might be sweeping tonight.

11:06 p.m. Tyler Perry onstage for Best Editing. Baldwin & Martin in snuggies made up for Perry's general awkwardness.

11:05 p.m. The Cove wins. Louie Psyihoyos, the grey haired director who just got cut off, was at the screening at Full Frame. Listening to him talk was incredible.

11:01 p.m. Matt Damon presents Best Documentary. It's great to see that almost all of these nominees were at Full Frame last year.

10:56 p.m. That final line about how real life is just as good as Pandora was definitely scripted for PR reasons. I mean, Pandora vs. Durham. Case in point.

10:55 p.m. Avatar wins. If they lost, that would be a Mo'Nique smack in da face from the Academy.

10:54 p.m. Gerard Butler & Bradley Cooper (standard Hollywood eye-candy for soccer moms who were just about to put their Jodi Piccoult book down and turn off the tube but decided to stay on instead) are presenting Best Visual Effects.

10:52 p.m. Up wins for Best Score. Michael Giacchino talks fast. He also scores Lost. So I can't hate. This one he says, is for the kids with parents who don't support creativity. Awkward turtle.

10:50 p.m. Oh, god, now the Avatar part. WHY AREN'T YOU BLUE. DIDN'T YOU SEE THE MOVIE. Bring back Ben Stiller, he knows whatsup. Also, what's going on with this background? Looks like Apple funded it. I'm half expecting a huge iPad to appear on the podium at the end of the show.

10:47 p.m. Now quick, minute long dance interpretations for each score. We live in a mashup, ADD world! Girl Talk 4 prez! Wait, is that dude during the Hurt Locker part wearing a cardigan? What!? This Up bit is "Tea Partay" meets Step Up 2 the Streets.

10:45 p.m. And now J-Lo & Aussie Sam Worthington presenting the Best Score nominees. Was that a cheesy extraordinary-league line? Fail.

10:45 p.m. Quick update: we have Hurt Locker at 3 awards, Avatar at 2.

10:38 p.m. Demi Moore & James Taylor on guitar introduce the "In Memoriam" montage. My parents, as usual, know so much more.

10:35 p.m. Sandra Bullock presents cinematography: "dude, make me look good", Sandra tells every DP. This is probably my favorite and most anticipated category. Also, a bit up in the air.... and Avatar wins. Mauro Fiore. And this dude is Italian! F*** yeah! Arezzo shout-out.

10:29 p.m. And, speak of the devil, the token young hot white chick (Elizabeth Banks) doing the wrap-up for the geek awards. That was about 30 people with 30 Oscars for a 15 second clip. Efficient, Academy.

10:28 p.m. Side-note: they always have young hot people (Zoe & Carey, Anna Kendrick & Zac Efron) present the double awards.

10:26 p.m. Swedish bro back for round two as THL wins Sound Mixing. Another guy comes back on stage. Bring Bigelow on stage! Bring Renner! Bring your green hat!

10:25 p.m. The Hurt Locker wins its second award of the night. Swedish bro with some serious flow wins for Sound Editing.

10:23 p.m. Morgan Freeman doing voiceovers? No way. And he knows it. Ah, self-deprecation. Flashback to The Dark Knight. Maybe the Academy is trying to make up for not changing the BP nominees to 10 last year? TDK would have definitely been nominated.

10:21 p.m. Well, that was a lot of knives, screaming blonde hot chicks, blood, and teeth.

10:16 p.m. I smell a video transition. Yup, this is the random honoring of  horror movies. Paranormal Activity reference & gay joke do nothing for this update. Oh great, now we have I-was-a-nobody-two-months-ago-Lautner and Kristen Stewart. And now a horror montage.

10:10 p.m. The Young Victoria wins. Emily Blunt's performance was super-overlooked. Too many f***ing Brits, yah? Sandy Powell is the first person to honor other nominees / other costume makers instead of herself and the people on her film. Very gracious. The.Selfish.World.We.Live.In.

10:08 p.m. Closet whores-es Tom Ford and Sarah Jessica Parker present Best Costume. "A Single Man! A Single Pound!" Martin's on fire.

10:05 p.m. We saw that, man-who-ran-across-stage. Sigourney Weaver (fellow Chapin grad, for K&M and MHL) is on stage to present best art direction. Avatar wins its first Oscar of the night. Avatar for Avatar.

10:02 p.m. Firth presents An Education. Brit for Brit.

9: 59 p.m. Mo'Nique wins, no surprises. Kendrick & Fermiga were amazing but there was no way Mo'Nique's Mary was to be beat. "It can be about the performance, not the politics", she says. She references Hattie McDaniel's 1939 win for Gone with the Wind.

9:55 p.m. Robin Williams presents Best Supporting Actress and makes a balls joke. Typical.

9:53 p.m. Latifah presents the wrap-up from the Governor's Ball. Gordy Willis, the DP for The Godfather, is such an incredible talent. Roger Corman & Lauren Bacall also received statues.

9:51 p.m. Incredibly emotional speech from Fletcher. No one can talk about this film without sobbing. That was deserved, but too bad that Reitman & Up in the Air will go empty handed tonight. Shame.

9:50 p.m. Whoa there, Geoffrey Fletcher wins for Precious. That's a big upset.

9:47 p.m. Rachel MacAdams & Jake Gyllenhaal present best adapted. Remember Bubble Boy, Jake? Had to call you out. The MV crowd (if you're out there) will enjoy that one.

9:42 p.m. Star Trek wins for Best Makeup. Ben Stiller is officially the best part of this show as of now. Possible future host?

9:38 p.m. This is absolutely incredible. Stiller is two-for-two, after last year's Joaquin Phoenix impersonation. Also, his tail is amazing. James Cameron finally breaks and starts laughing.

9:38 p.m. BEN STILLER AS A NA'VI.

9:37 p.m. Danish-American short The New Tenants wins best live action short. Go Denmark!

9:36 p.m. Wait, was that Kanye with a red wig dressed in a purple dress!?!

9:35 p.m. Music by Prudence wins best doc short. Poor guy has to run so far on stage to accept the award. And, out of nowhere, this crazy red-headed woman runs on stage!

9:27 p.m. Carey Mulligan & Zoe Saldana are on stage now to present the shorts. Cut to: all these now accomplished filmmakers basically convincing us why shorts are important. Time well spent as no one ever sees shorts these days. Logorama wins for best animated short. This French winner be crackin' some jokes! He could give Baldwin & Martin a run for their money.

9:22 p.m. Wow, there is a huge group of Brat Packers and stars of the great JH films. Macauly Culkin is on stage among others.

9:17 p.m. Molly Ringwald & Matthew Broderick are on stage to introduce a John Hughes montage. This is amazing. Home Alone clips get me every time.

9:15 p.m. Wow, it goes to The Hurt Locker's Mark Boal. This could mean a sweep? Or maybe this ups Avatar's chances for BP? Who knows. In other news, Boal looks eerily like Up in the Air director Jason Retiman.

9:14 p.m. They're presenting Best Original Screenplay. This is where people's Oscar prediction brackets will start to break. The (500) Days snub still stings.

9:12 p.m. Love the self-depracating humor, Alec, as you present Tina Fey. Aaaand RDJr. being the man making fun of non-actors.

9:07 p.m. Commercial side note (gasp!). Temper Trap's "Sweet Disposition" is used in the new Diet Coke ad. What is it with mainstream companies using formerly underground indie rock songs in commercials? First Phoenix, then Grizzly Bear, The XX, now this? What is cool anymore?

9:05 p.m. Chris Pine present District 9. Films like D9 are why the Oscars upped it to 10 films nominated for BP.

9:03 p.m. T-Bone Burnett & Ryan Bingham for Crazy Heart's "The Weary Kind" (3 for 3). That song was absolutely incredible as was the film. Great year for the names Ryan Bingham and T-Bone. Just generally.

9:00 p.m. Amanda Seyfried & Miley Cyrus present "Original Song". These bitches be nervous!

8:59 p.m. And the lack of surprises continue, as Up wins for Best Animated Feature. This guy, Pete Docter has been behind a lot. Pixar domination.

8:58 p.m. Cameron Diaz & Steve Carrell present animated feature. Cut to: animated characters talking about being nominated. That alligator from Princess & The Frog just made a Halle Berry joke. Yes.

8:50 p.m. As Ryan Reynolds introduces The Blind Side, his Proposal costar Sandra Bullock's would be trite movie if not for her, I'd like to point out how creepy / awesome Stanley Tucci was for The Lovely Bones. Waltz was amazing and was obviously going to win, but hey.

8:48 p.m. No surprised here as Christoph Waltz wins for Inglourious Basterds. Go Austria. Talk of "ships" and "travels" to America. "He even bowed like a German" - my father.

8:45 p.m. Now we have Penelope Cruz presenting Best Supporting Actor. I am loving this combination of clips for each actor nominated.

8:43 p.m. "He scored his dope from Woody Harrelson", says my mom, of Jeff Bridges.

8:41 p.m. Jewish jokes in Hollywood are always hits! Huzzah!

8:40 p.m. If he wasn't before, he is now after that Avatar joke with 3-D images of sprites all over the screen.

8:39 p.m. And Woody Harrelson is high too, according to S&A.

8:38 p.m. Golf clap for dame joke. And wow, these two just brought it up a notch with the Meryl jokes. Who else can deliver threesome and Nazi memorabilia jokes back to back?

8:36 p.m. What's 5 x 2? Of course! Hollywood is stupid!

8:34 p.m. Finally Baldwin & Martin are here. Self-congratulatory introduction for Steve. And nothing for Alec. Yup, everyone read that recent Vanity Fair article.

8:32 p.m. And Neil Patrick Harris is singing and dancing the song "No One Wants to do it Alone". Alec Baldwin is far too large to move this much on stage. Maybe / hopefully Steve Martin is too high since that great / only salvageable part from It's Complicated.

8:31 p.m. Soo... the point of that was... My mom says "goofy".

8:30 p.m. And now, finally, the show. Starting off with some strange showing off of all the Best Actor & Best Actresses on stage.

8:27 p.m. And now, the goddess herself, Streep. Remember your hot daughter from last year? Where is she? Bring. Her. Back.

8:24 p.m. Kate Winslet. You are perfect. Oh, now Gabby Sidibe. You are great. Oh, and Taylor Lautner: why are you a celebrity? "Watching the Oscars at home while growing up"? You mean, last year?

8:23 p.m. Jeff Bridges is officially the man.

8:22 p.m. THE DUDE IS HIGH.

8:21 p.m. I always wondered what those people at Price Waterhouse Cooper had to do to have those envelopes. Murder? Arson (too soon, Crystal Magnum)? The ability to make Miley Cyrus not annoying?

8:15 p.m. SJP & Matthew Broderick. Broderick, you look better than you did at the Wine & Spirits in Amagansett. Those were rough times. And many handles. And hope you liked the painting, Carrie.

8:14 p.m. Interviewing J-Lo about Oscar dresses. "It has to have that 'wow' factor." Really, J-Lo? I thought it required huge breasts and tape.

8:12 p.m. Oh, and if you couldn't tell, we are definitely still on the red carpet. Oh and now some Oscar flashbacks, trying to legitimize the reasons behind making the shift from five films to ten. Ah, history. Ah Casablanca.

8:11 p.m. Mirren and Plummer. They're not old, they're "grown". How PC!

8:10 p.m. How many times ABC shuffle around their reporters to interview the same three people (Bullock,  Mo'Nique, Ryan Reynolds)? The answer is many.