The 2011 Oscars are finally here! The telecast will air tonight at 8PM EST on ABC, and Moviefone will be bringing you real-time coverage -- including fashion, winners and breakout moments -- throughout the night right HERE.

And while some of you may be attending Oscar parties, most of you will be watching the show from the comfort of your couch, but that doesn't mean you have to be alone. We'll be hosting a virtual viewing party with PHILO so that you can dish on everything from red carpet to winner reactions and crazy moments with fellow movie fans.