I just saw bits and pieces of the Oscars. I was with friends and instead of watching in real time, we recorded the Oscars and watched Sherlock while it was going on. We fast-forwarded through the ceremony afterwards and I think I missed a lot. I especially would have liked to hear the nominated songs. Now I need to go back and see some of the movies I've missed, the documentaries, shorts, Winter's Bone, True Grit and yes, maybe even The King's Speech.
As for James Franco, I think possibly the reason he became more and more sub-dude as the evening went on was because, did you notice, his movie did not win anything at all? Not to mention some of the other good movies he was in this year that didn't even get nominated. That would throw a damper on my one-liners for sure.