- Has Tom Cruise lost that loving feeling? “Top Gun 2” reportedly in the works. (The Sun)

- Tobey Maguire joins “The Crusaders,” about the landmark 1954 Supreme Court case “Brown vs. The Board of Education.” Gary Ross attached to direct. (Variety)

- Wet Hot American Prequel? Director David Wain teases follow-up to cult comedy classic. (CHUD)

- What do you do to follow-up “There Will Be Blood”? Paul Thomas Anderson heads to the theater, will direct Fred Armisen and Maya Rudolph in show he co-wrote. (Cigarettes and Red Vines)

- A bunch of new photos from “Crank 2: High Voltage” pop up online. (LATimes)

- Just for fun, the greatest piece of art ever: Carla Gugino as Sally Jupiter as a pin-up model. Poster featured in “Watchmen” trailer. (AICN)

It's time for the main event! Oscars, baby! Will Ellen Page ruin Julie Christie's night? Will Hal Holbrook reminisce about the very fist Oscars? And most, importantly, sound mixing...who in the name of God will win sound mixing?!? Let's find out together, shall we?!?

The live blog begins....now! (Keep clicking back for updates!)

8:26PM -- Someone let Regis Philbin on stage!!! It's just not the same when he's not yelling at Gelman and Art Moore. Read more...

The Oscars are only hours away and yes, we're going to be all over them here at the Movies Blog and MTV.com. I'll be writing a delicious live blog right here and we'll even have a live red carpet show streaming on MTV.com starting at 7pm eastern.

So yes, we're Oscar-obsessed here. And if you need any more proof of that check out the video below. Ever wonder what it would be like to find yourself stuck in an Oscar montage a la Billy Crystal? Look no further than our ambitious film featuring Kurt Loder, myself, and all five Best Picture nominees! It's the Oscar montage from hell!

Before you pick up that ginormous turkey leg this week, take a moment to think of the insane and delightful universe we live in where Judd Apatow interviews Daniel Day-Lewis in front of an audience.

A while back, I read that this L.A. event was set to take place last week after a screening of the much anticipated P.T. Anderson flick, "There Will Be Blood." Even the thought of it had me regretting my east coast address ever since.

So when I chatted up Seth Rogen about his amazing 2007, I decided to ask him about the event, and sure enough he was there the night before.

Said Rogen, "the Q&A with Judd was hilarious. Judd's first question was, 'Daniel, I know you're very private so I don’t want to ask about your personal life, but I have to ask...which did you like more: 'Knocked Up' or 'Superbad'?' And he clearly had never heard of either." Rogen joked, "he was busy mining for oil in real life."

As for the film itself, it's got Seth's vote. "The movie itself is absolutely mindblowing," he said. Rogen continued, "it kind of makes me want to quit acting to watch Daniel Day-Lewis act. He came out afterward and talked and there's literally zero similarity between him and the character. They don't sound the same or look the same or move the same. It could not be more different than how I operate. I literally wear the same shirts."

It's all VMAs all the time here at MTV this week, but those of us in the movie biz keep on trucking. Back today with news on Tobey Maguire, Will Smith, Seann William Scott, and more.

- Spider-Man takes on giant f'ing robots as Tobey Maguire snags "Robotech." (Hollywood Reporter)

- Will Smith to star in "Seven Pounds," about a man who falls in love while trying to kill himself. (Variety)

- Seann William Scott to scope out Richard Kelly's "Box." (Reelz Channel)

- Grab a helmet: "Jackass 2.5” secretly in production. (Slashfilm)

- Teaser poster for Paul Thomas Anderson's "There Will Be Blood." (AICN)

- Wolfgang Peterson to direct "The Grays." (ComingSoon)

- Joaquin Phoenix and director James Gray are "Two Lovers." (Variety)