Agree about Gwynneth's gown, she was gorgeous, as was Reese, but I think my favorite was Penelope Cruz's dusty pink number--stunning, and her lipstick sort of matched, as well. Is long straight hair the trend these days?
I was a bit surprised that The Departed won Best Picture, but gratified that Scorsese won for Best Director, because he deserved it for his body of work, and even if I wasn't crazy about the writing for The Departed, the acting was certainly a credit to Marty.
I had thought that The Queen or Letters From Iwo Jima would win Best Picture (I haven't seen either, but really want to.) I liked Little Miss Sunshine but comedies don't win BP too often, and IMHO Little Miss Sunshine, though I did love it, isn't quite on the same level as, say, Shakespeare In Love, a comedy that did win its year.I liked the international/diverse flavor of the evening (must see Pan's Labyrinth, but it'll have to be a Netflix for me.)
Ellen Degeneres didn't wow me, but she did okay. I liked her little mini-interviews.
I loved Al Gore's almost-announcement. ;-)