10:48 P.M. CST | The 80th film to win Best Picture is “No Country For Old Men.” The Coens win three awards in one night, and a new record is set. This is just another Oscar show with the only big suprise being Marion Cotillard winning for “La Vie En Rose.” Other than that, it’s been a by-the-books show. Jon Stewart was mediocre as a host and hopefully Conan will get promoted from The Emmy’s next year. 2007 was a great year for film and The Oscars exemplified the best in Hollywood yet again. Until next year, I’m Chris Krapek and this has been a live blog.

10:43 P.M. CST | The Coens pick up their second Oscar of the night for Achievement in Directing. This is another Oscar race that seemed to be over before it started. The buzz for “No Country For Old Men” has been snowballing for months.

10:34 P.M. CST | I’VE ABANDONED MY CHILD! I’VE ABANDONED MY BOY! Daniel Day-Lewis picks up his second Oscar for his performance as Daniel Plainview in “There Will Be Blood.” Although Clooney was great in “Michael Clayton”, Daniel Day-Lewis deserved this after being robbed in 2003 for not winning for “Gangs Of New York.” Tonight, he drinks your milkshake.

10:26 P.M. CST | The former stripper and Lemont native, Diablo Cody wins Best Original Screenplay for “Juno.” This looks like it will be the only award the movie will be taking home tonight. Cody seemed really awestruck and totally ignored Harrison Ford. It looks like it will be a long time before she hits the pole again.

10:20 P.M. CST | We’re nearly three hours into the show now and things are just starting to get exciting. Four more awards still need to be handed out and the same J.C. Penny “American Living” commercial has aired four times. This is supposed to end at 10:30, right?

10:05 P.M. CST | So many talented people in Hollywood have died over the past year, it’s shocking. One thing I noticed was the emission of Brad Renfro from the “In Memoriam” list. Regardless of his cause of death, he was a fine actor and should have been included.

9:51 P.M. CST | John Travolta’s ever-evolving hair weave looks fantastic as he awards “Once” for Best Song. “Once” is truly an amazing movie and it deserves all the acclaim it recieves. Rent it, if you haven’t seen it.

9:43 P.M. CST | Best Foreign Language Film goes to The Austrian’s for “The Counterfitters,” and yet another song from “Enchanted” is sung. Patrick Dempsey then realizes he was in the same realm as Steve Guttenburg a few years ago and now he’s a presenter on The Oscars.

9:30 P.M. CST | The coolest dude in the building, Jack Nicholson appears to be three sheets to the wind as he presents the zillionth montage of the night. This time, we get to see the 79 past winners for Best Picture (The 80’s really had a lot of lame winners). Renee Zellwegger then squints her way to presenting “The Bourne Ultimatum” with its third award of the night.

9:12 P.M. CST | My Dad scolds me for not listening to him when he said Marion Cotillard would win for “La Vie En Rose.” This will go down as one of the most shocking moments in years as it seemed that Julie Christie was a lock for Best Actress in “Away From Her.”

9:03 P.M. CST | Seth Rogen and Jonah Hill get confused for Judi Dench and Halle Berry and provide for the best 90 seconds of the show so far. “The Bourne Ultimatum” wins two Oscars for Best Sound.

9:00 P.M. CST | In an inside look of how the nomination process occurs, the cinematic terrorist Michael Bay gets as close as he’ll ever get to an Oscar. Hannah Montana also presents another song from “Enchanted” and I get the second (of three) constipated looks on my face.

8:49 P.M. CST | Josh Brolin was in “Grindhouse,” “In The Valley Of Elah,” “American Gangster,” and “No Country For Old Men” in 2007, he’s comes a long way since “The Goonies. He presents The Coen Brothers with their first award of the night for Best Adapted Screenplay for “No Country For Old Men.” Expect to see them take the stage again tonight for Best Director.

8:38 P.M. CST | The montages of past winners before every acting award are a nice touch. In one of the most unpredictable categories of the night, Tilda Swinton looks genuinely shocked as her name is announced for Best Supporting Actress for “Michael Clayton.” Finally she gets the recognition she deserves, and hopefully she can now invest in makeup.

8:32 P.M. CST | Owen Wilson’s nose and Jerry Seinfeld as a bee present awards for Best Live Action and Animated Short Films. The two and a half hours that are left in the broadcast seem like an eternity.

8:26 P.M. CST | Another song is performed from another movie I haven’t seen. All of the nominees this year for Best Song lack any star power. But then again, these are the same people who made Three Six Mafia forever synonymous with Oscar. Hopefully the song from “Once” will redeem these less than stellar performances.

8:19 P.M. CST | Finally, after 45 minutes of waiting for something worthwhile to happen, a major award is finally given out. To no one’s suprise, Javier Bardem wins Best Supporting Actor for “No Country For Old Men.” Sure he was great as the sociopath Anton Chigurh, but Casey Affleck deserved this award. His performance in “The Assassination Of Jesse James By The Coward Robert Ford” is one of the best of the year.

7:57 P.M. CST | “Rataouille” wins for Best Animated Feature. Somewhere the makers of “TMNT” regret not letting Splinter in the kitchen.

7:46 P.M. CST | Jon Stewart’s opening monologue is filled with topical political humor for all of those liberals in Hollywood. Although some of the jokes are funny, the opening of The Academy Awards has been unmemorable. Where’s Billy Crystal when you need him?

5:00 P.M. CST | I’m Chris Krapek and I will be live blogging the 80th annual Academy Awards ceremony. Will “No Country For Old Men” and The Coen Brothers reign supreme? Can the crowd pleasing “Juno” triumph over the dramatic “Michael Clayton” and “Atonement?” Will Daniel Day-Lewis be drinking milkshakes after the show for his inevitable win for “There Will Be Blood?” The answer to these questions will be answered at Hollywood’s biggest extravaganza of the year.

I’ll be live blogging from the moment Ryan Seacrest and his orange glow leave the red carpet until host Jon Stewart says goodnight. So sit back, relax, and come back at 7:30 P.M. for my take on everything Oscar.

OSCAR WINNERS

No Country For Old Men – 4

The Bourne Ultimatum – 3

La Vie En Rose – 2

There Will Be Blood – 2

Michael Clayton – 1

Juno – 1

Once – 1

The Golden Compass – 1

Sweeny Todd: The Demon Barber Of Fleet Street – 1

Ratatouille – 1

Elizabeth: The Golden Age -1