They should have stopped the award function at 8 PM, called the entire cast and crew of The Lord of Rings on stage and handed over all the statues to them. That way we all could have slept a bit early. But they deserve each and every award they won. I was rooting for Johnny Depp for best actor award but Sean Penn took it away. But the movie I was rooting for, Finding Nemo, won for best animated film.
It is great to watch local news now. There is a chopper showing us views of all the parties that are going on. Also there is a major traffic jam caused by limousines, which is also being covered live.