Update 5:00 pm (MT): The ABC show is not very good. It seems amateurish and too low key. The Randall Duke guy reminds me of Vincent Price and he's far too made up with a bad red dye job. E! is much better, unfortunately, it's not in HD here.
Update 5:10pm: ABC is getting lively. Mickey Rourke is wearing a white suit, he looks good --- for him. He's wearing a necklace with his dog's photo -- the dog died 6 days ago and they were together for 18 years. He lights a cigarette after he gets out of the limo. Ben Kingsley's wife is pretty in red.
The Slumdog kids look cute and the entire cast is ecstatic just to be here all together. I'm not knocked out by Heidi Klum's dress but the announcers are. (Photos to come as they become available.)
Diane Lane looks teriffic. I laughed just watching Seth Rogan and James Franco from Pineapple Express arrive, I guess I liked the movie more than I remembered.
Sara Jessica Parker looks like the fairy godmother in Cinderella but I like her anyway and the top half of the dress is cool. It's by Dior Haute Couture. She seems very happy.
Natlie Portman looks beautiful. Great dress, perfect fit. Robert Downey looks awake and healthy (in contrast to the Golden Globes.)
Update 5:45pm: Angelina Jolie: terrific. Beautiful dress and earrings. Philip Seymour Hoffman is wearing a stretchy cap on his head. Maybe his hotel didn't have a shower?
At first I thought Penelope Cruz should have stuck to black, but after a few different looks at her dress, I've changed my mind. I like the dress. She was great in Vicky Christina Barcelona, if you haven't seen it. Beyonce's dress is awful but her face looks great. Kate Winslett's dress doesn't move me and her hair is too old-fashioned. Meryl Streep's dress is a little drab.
Update: 6:26 pm: Marisa Tomei looked really happy when being interviewed, she has such a great smile. Her Versace dress had a little too much train. Sean Penn looks very sexy, great outfit.
Ok, pictures have been added, here's our new live-thread for the awards.