So what did you think?
Here's our thoughts on the night and the break-down of the winners.
First, the hosts Anne Hathaway and James Franco did a great job, added youth to the telecast - however, the opening monologue wasn't really funny.
As for the rest of the show, no real big upsets - just a ton of predictability. Natalie Portman won Best Actress for Black Swan. Colin Firth won Best Actor for The King's Speech, which also won the night's biggest prize for Best Picture.
Both supporting acting awards went to Christian Bale and Melissa Leo who starred in The Fighter.
Inception took four statuettes and True Grit was snubbed by the Academy.
The complete list of Oscar winners:
Best Art Direction – ALICE IN WONDERLAND
Best Cinematography – INCEPTION
Best Supporting Actress – MELISSA LEO (THE FIGHTER)
Best Animated Short Film – THE LOST THING
Best Animated Feature – TOY STORY 3
Best Adapted Screenplay – AARON SORKIN (THE SOCIAL NETWORK)
Best Original Screenplay – THE KING’S SPEECH
Best Foreign Language Film – IN A BETTER WORLD
Best Supporting Actor – CHRISTIAN BALE (THE FIGHTER)
Best Original Score – THE SOCIAL NETWORK
Achievement in Sound – INCEPTION
Best Sound Editing – INCEPTION
Best Achievement in Makeup – THE WOLF MAN
Best Achievement in Costume Design – ALICE IN WONDERLAND
Best Documentary Short – STRANGERS NO MORE
Best Live Action Short – GOD OF LOVE
Best Documentary Feature Film – INSIDE JOB
Best Visual Effects – INCEPTION
Best Film Editing – THE SOCIAL NETWORK
Best Original Song – RANDY NEWMAN (TOY STORY 3)
Best Director – TOM HOOPER (THE KING’S SPEECH)
Best Actress – NATALIE PORTMAN (BLACK SWAN)
Best Actor – COLIN FIRTH (THE KING’S SPEECH)
Best Picture – THE KING’S SPEECH