I just started watching th Oscars (damn group project!!) and about the ladies fashions i've seen so far (b/c really - it's the best part of the night):
Diane Lane - looks absolutely gorgeous, always does, classic beauty
Sandra Bullock - beautiful from the boobs up - love the hair and makeup - HATE the fur on the dress, yuck!!
Julia Roberts - looks stunning as usual... especially love the hair
Naomi Watts - really pretty - i wish she would have picked a brighter colored dress... with the light hair & skin - she looks too "beige"
Oprah - seriously O - youre looking slim and fit these days, what is with the HUGE ass bow on the back of your dress?! It's unnessary!
Catherine Zeta Jones - love the combo of her dark dark hair and the striking crimson dress. she looks great - always a classic
Peter Jackson - he cracks me up with the hair and the bead and the frumpy tie/whole suit - but the man can direct a damn good movie!
Charlize Theron - love the dress, lots of sparkles and she looks great in it! Her makeup, especially the eyes - I am not a fan of - i've seen her hair and makeup look better
Jude Law - he doesn't look as hot as he could have looked - or as hot as i've seen him

I don't like his hair
Uma Thurman - hair and makeup - gorgeous. Not a fan of the dress though (or at least the sleeves)
Tom Cruise - he looks gooood
Nicole Kidman - totally make up for her hideous dress at the Golden Globes. She looks like a Barbie Doll tonight - beautiful, i love that color on her
i'll update this list as i see more