Blackwolf @ the Oscars 2012: LIVE, As It Happens! (Episode Seven)

Ben Stiller and Emma Stone are up now, with the nominees for Visual Effects. (This after a strange encounter between Billy and one of the Bridesmaids girls.) Hugo yet again! Robert Legato, Joss Williams, Ben Grossman and Alex Henning.

Next, Melissa Leo joins us for Best Supporting Actor, just we get into the 10 p.m. (Eastern time) hour. Christopher Plummer is just now getting a huge standing ovation --- he becomes now the oldest actor to be honored with an Oscar. Huzzah!

My apologies, by the way, for the slowness of the moment; so much is happening now, your dear Dragonmaster would not be surprised if we wound up crashing online. Time for Billy's old "What are they thinking?" segment. Here comes Academy President Tom Sherak, who honors all in the filmmaking process. Thank you, Tom, and thank you for whipping the crowd into a frenzy.

Penelope Cruz and Owen Wilson sharing Best Original Score now. The winner: Ludovic Bource for The Artist, his first award and nomination. I have so much to give, says he. Will Ferrell and Zach Galifinakis enter crashing cymbals, to present the (ick!) two Original Song nominees. Bret McKenzie wins it with "Man or Muppet?" from the The Muppets. Well, thanks for bringing the show down like that.....

Well, here comes Episode Eight. Are you ready?