is live-blogging the Academy Awards, and next up is William Goss. Follow along down below, and don't forget to keep refreshing this page. Head over to Moviefone for additional Oscar coverage.

Click here for a full list of Academy Award winners updated in real time

Read our live-blog for the show's first hour with Eric D. Snider
Read our live-blog for the show's second hour with Scott Weinberg

11:55 p.m.: Well, that's that. The show seemed to lose its luster post-Memoriam (PS: Ledger was in last year's montage), but man, did it get off to one peppy start. Maybe something good came of this recession after all...

11:53 p.m.: Best Picture is Slumdog Millionaire.

11:49 p.m.: The Spielberg-introduced Best Picture montage compares Frost/Nixon to Citizen Kane, Slumdog Millionaire to 12 Angry Men, The Reader to Life is Beautiful, Milk to Braveheart (er...) and Network (better...), and The Curious Case of Benjamin Button to just about everything except for Forrest Gump.