I don't recall posting about the Oscars here, but here's we go.
I thought the whole show was a bore, to be honest. However, I will say that people are not giving Anne Hathaway enough credit. She has this natural dorky gal thing going for her, and you can tell that she had the energy to be silly and fun, like when she dissed Hugh Jackman for not singing with her. That I thought was cute.
James Franco, however, was just bland. There were even times where some of the jokes were rather insulting due to the poor delivery, like after they talked about the technical awards apart from the show, he says "Congratulations, nerds!". It came off as being insulting to those people rather than a witty remark. There's also the Winter's Bone joke where even the internet finds that joke insulting as well.
Regarding the winning movies, I can't say much about them since I haven't seen them all yet. However, I am beginning to suspect that "The Social Network" might be extremely overrated at this point. All I read on Twitter last night was "OOOH SOCIAL NETWORK SHOULD HAVE WON'. I have this tendency of being cautious with movies that are either underrated or very overrated, hence why I haven't seen Avatar yet, and will do the same with Social Network, because I fear that it will not live up to all the hype the fans are creating.
About animated features, I wasn't surprised that Toy Story 3 won, but in my heart I wanted Dragons to win. Bash me, troll me, disagree with me all you want, but Dragons is one of the few honest films from Dreamworks animation, and the one that will likely be very timeless and regarded for many years, and it deserves more recognition from people. Had it not been for Toy Story 3 Dragons would have easily won the Oscar.
In terms of original song, if you can tell by my sig you know which song I was rooting for

. But in all seriousness, I didn't hate Newman's song at all. I didn't like it, like it, but didn't hate it as much as everyone else. But what bothers me most about the win is that it all feels like a pity win. This WAS Newman's 20th nomination, so much like his Monster's Inc. win it looks like they wanted to give him the award so they could say that on his 20th try he got another award. I don't know, it just didn't felt like an honest win.
There was a lot of hype for "Exit through the gift shop", and I was surprised it didn't win. Granted, though, this might be another movie I might avoid for a while since EVERYONE and their grandmother loves this movie to death, and you know what tends to happen with those types of movies. That and he worked with the Simpsons on that opening which doesn't sit well with me (I thought it was a rather hypocritical thing of them to do, Banksy included, sorry fanboys).
Finally, I think I was one of the few that liked the autotune segment. Although, I understand why people think it felt out of place. It was a funny joke, but that time could have been used for something more appropriate.
So overall, the show was pretty bad, and I suspect they might have to work hard next year as they are always paying attention to the ratings and what people are saying.