I'd give it a C+. There was just such low energy throughout the entire night, save when a few individual presenters livened things up (Scorcese
I was glad The Artist won, and was surprised that Hugo won most of the tech awards.
I was sad that Viola Davis won, but happy not sad that Meryl Streep did. I'm also glad that Octavia Spencer took home the statue. Captain Von Trapp (Christopher Plummer) took home an Oscar, becoming the oldest performer to do so, as did Jean Dujardin (significantly younger, but with a killer French accent).
The Death Montage was nicely understated, but I still miss the Governor's Award presentation on the big telecast.
I had high hopes for Billy Crystal (and maybe that was my fault, as my hopes could have been too high). Aside from the opening montage (where he inserted himself into various films), nothing he did stuck out. Though, he seemed to find himself awfully funny, so there's that.