So will American Hustle a winner, will Gravity be brought crashing back to earth or will the Wolf of Wall Street Howl in victory? It can only mean one thing, it's all about the little golden nudist that everyone wants to get their hands on, its Oscars time and we will be here with you through the entire awards.
So relax, put your feet up and let us guide you through the frocks, the shocks and the sure things.
23:36 Barkhad Abdi
Excellent stuff, Captain Phillips star and best supporting actor nominee Barkhad Abdi greets E! host Ryan Seacrest's matey greeting of "Hi, it's good to see you," with "It's good to see you too, I've watched you a lot on TV."
23:58 Pharrell arrives
Fashion alert - Best original song nominee Pharrell is in tuxedo-shorts - he looks a bit like a schoolboy. The rain's not bothering him, because he's happyyyy...
Pharrell Williams arrived on the red carpet with Helen Lasichanh
00:03 Special effects
Framestore, the British visual effects supremos who are Oscar-nominated for Gravity - one of ten nominations - have tweeted a pretty sweet video of how they produced such amazing effects. If you have a second, watch and marvel
00:05 Barkhad Abdi
Barkhad Abdi was looking chipper as he arrived on the red carpet with actor Faysal Ahmed. He's up for best supporting actor for his role in Captain Phillips.
00:08 Chiwetel Ejiofor
Chiwetel Ejiofor means business, he has shaved off the beard that graced his face at the Baftas.
The British best actor nominee for 12 Years a Slave said he was "stunned" by the final film - which is up for the coveted best picture.
He was shown a pre-recorded good luck video from his sister, CNN financial reporter Zain Asher.
00:31 Cate Blanchett
"It's heavy but I love it," Blue Jasmine star and best actress nominee Cate Blanchett on her golden Giorgio Armani dress. She won a statue in 2005 for her role as Katherine Hepburn in The Aviator. This year is her fifth nomination and she's the bookies' favourite.