Rock: "When our next presenter isn't acting, he's boring us to death with his politics. Please welcome Tim
Tim looks thrilled to be presenting the award for Best Supporting Actress.
I'm really tired of Natalie Portman's pretty-princess look.
Cate Blanchett wins for The Aviator. They're doing really well tonight.
She thanks the Academy, "who know Katherine Hepburn so well, and are so well acquainted with her work." Her speech seems very, very scripted - up to and including her kissing up to Marty Scorsese - "I hope my son will marry your daughter."