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Watch Anne Hathaway and James Franco in the Opening Oscar Sketch

Since Oscar hosts Anne Hathaway and James Franco aren't exactly stand-up comics, the Academy Award telecast went light on monologue and heavy on the filmed bits at the top of tonight's show. In this opening clip, the duo travel through most of the nominated Best Picture films (perhaps Toy Story 3 was budget-prohibitive?), and while not all the jokes land, at least you've got Franco in a revealing ballet outfit. (Update: Video removed by request of the Academy.)

MORE OSCAR COVERAGE:
The Oscars: The Complete Winners List
Oscar Wrap-Up: What Worked and What Didn't
All the Red Carpet Looks
Dave Edelstein Live Blogs the Awards
The Fug Girls Critique the Red Carpet
The Best of James Franco's Backstage Oscar Tweets