I didn't get to see the Oscars last night, let alone go to an Oscar party. But the opening sequence was pretty entertaining. Click through to Mediaite to see the full 15 minute opening monologue and variety show.
"Throughout the opening, Shatner showed MacFarlane how his reviews would improve from "Worst Oscars Host Ever" to full-on raves (from everyone but Entertainment Weekly). It was certainly one of the longest and most elaborate Oscar openings in recent history, with enough highbrow and lowbrow moments to please most of the audience.