live blogging the oscars: penelope cruz

Penelope Cruz in Atelier Versace, courtesy oscar.com

Penelope Cruz is the epitome of the Oscars: glamorous, tasteful, and just exciting enough to not fall in the "Jennifer Hudson" category. Plus, what you can't see in this picture is, her jewels are absolutely stunning yet conservative enough that she doesn't look like she's dripping with diamonds. (Only complaint: I would love to see some bling on her neck.)