you didn't miss anything. It was the single most boring oscars ever. Lord of the Rings won everything it was nominated for, many it didn't deserve(derived script, best song, picture), but Sofia Coppola won best original script and that made me happy.
Here's what I've learned from this years oscars:
Peter Jackson is a bloated fatass.
People are obsessed with three hour movies that cost hundreds of millions of dollars to make.
Annie Lennox is a man.
Charlize Theron needs to go to an untanning salon.
Annie Lennox is still a man.
Drumming on a bicycle is the single coolest thing you can do in music.
Billy Crystal is getting old.
Francis Ford Coppola is getting older.
Sean Penn is just trying to be cool when he's liberaltastic.
Errol Morris has waaay too big of an ego.
Same with Adrien Brody, though he still kicks ass.
Annie Lennox has a penis.
The oscars are unfair and unbalanced.
Harvey Weinstein is a bloated fatass.
Annie Lennox does women. Because (s)he is a man. A straight man with a penis.
Ok I'm done.