Yep, it's Oscar's Day -- can't say "Oscar's Night," because down here in Aus, the show goes on (and on and on and on) all day, due to the time difference!
As I write this, the great news is that Heath Ledger has just been honored with the AFI award:
See the winners come up in real time here, if you can't park yourself in front of a TV screen for about six hours during the working day -- and who can?
From my perspective, this is the big news at the Oscars -- why? Because it's the last chance Heath Ledger will have to "win the big one." And he richly deserved it. Brad Pitt and others will have many, many other chances, but this one was critically important for Heath, his family, and his fans.
Nice one, kid. Real nice.