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I thought it was by far the WORST Oscar ceremony I've ever seen (and I've been watching for over 20 years).
I agree with the earlier poster about the misguided camera work during the montage, and also feel Latifah should have sung less (I like when they actually play clips with audio during the tribute).
But I thought the most ironic moment was when -- not thirty seconds after shouting about the return of the musical, Jackman killed it with that atrocious number. I know, Baz Lurhman was the "mastermind" behind it, but when the lights came up -- Jackman was the one standing over the body with the metaphorical knife in his hand.