It's light outside, and I yearn for my bed. Sleeeep! Must sleep! But the biggest awards are still left, so we'll brave the night and stay awake. The show's run 3 hours and 15 minutes now, so it won't be the shortest one ever.
Robert Redford, aka Mr. Wrinkly, is being given the lifetime achievement award.
Barbra "Babs" Streisand, aka Mecha-Streisand, is doing a gushing introductory speech. Blaaah. The montages are always nicely done, but often a bit dull. Very conservative stuff.