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Here we go: Oscar fashion

TV personality Giuliana Rancic arrives at the 84th

TV personality Giuliana Rancic arrives at the 84th Annual Academy Awards held at the Hollywood & Highland Center in Los Angeles. (Feb. 26, 2012) Credit: Getty Images

4:57 PM It's a bit early but we're already anxious to get a gander at the beauties on the red carpet of the 84th annual Academy Awards.   What will be the trends this year?  Who will be the designer of the moment?

So far, we've learned that E! Red Carpet host Ryan Seacrest, who just arrived at the Hollywood and Highland Center (formerly the Kodak Theatre) only takes 20-minutes to get dressed, though clearly his coif was already done.  For the record, he allllllways wears Burberry.

Our spies have given us a little intelligence, but we've got to see it to believe it.  Stay tuned.

5:01 This just in: Badgley Mischka has dressed Penelope Ann Miller who stars in Oscar favorite "The Artist," and is wearing a custom rose gold sequin chiffon halter.  Also wearing Badgley Mischka, E! Live From the Red Carpet host Kelly Osbourne in a black gown with emerald beading that she plucked right off the fall 2012 runway.  We just saw it a couple of weeks ago at Mercedes-Benz Fashion Week and we saw here there - she called the collection "Silent film meets Scarface."  Huh?  She looks really good.

Oh and Brooks Brothers was most pleased to announce that they created a custom-made tuxedo to all-around favorite Kermit the Frog!  He'll  be cheering on nominee Bret McKenzie, nominated for Music (Original Song) for “Man or Muppet” from Disney’s The Muppets.
 

5:37 "The Descendants" Amara Miller is wearing couture Valentino - a nude, pearl dappled sheath with sheer sleeves chosen by her stylist -- one of Hollywood's most famous - Jessica Pasteur.  Ok, folks, she's 11.  And very cute.  But couture Valentino?  Jeez, starting 'em young.

5:49 Just saying, we are praying for color.  So far those lingerie colors -- rose, nude, beige - so Golden Globes.  C'mon ladies, bring it.

5:58 A fierce fashion moment as Milla Jovovich appears on the red carpet in white, oops it's silver, one-shoulder, super-embellished couture Elie Saab.  She looks super glam  but puhlease - bring on some color.  She calls it, "Clean and radiant."

6:15 Bridesmaid Ellie Kemper wears what she calls "Hollywood rust," body-hugging, strapless, sequin number by Armani Prive.  It matches her hair.  "The Artist" star Berenice Bejo looks pretty mint in mint Elie Saab - kind of a vintage vibe - long sleeves and plunging neckline.  Love it?  Not exactly.  

6:19 Melissa Mccarthy wearing a heavy duty glittery collar in some off rosy color by Maria Rinaldi.  She's starting a clothing line!  OMG Jessica Chastain looking so fab.  Ok, Shailene Woodley's  white dress is wrong for her - and wrong for the Oscars.  C'mon girl.  It's too old.  She says "It's so different. So classy and simple."  It's Valentino Couture.

6:27 Best accessory of the night:  Jessica Chastain's grandma Marilyn.  We loooovvvved her gold embellished dress - Alexander McQueen, and it was very regal! (Don't forget McQueen designer Sarah Burton did Kate Middleton's wedding dress)!!!!!

6:29 Michelle Williams is wearing brilliant red - tiered.  Can't wait to see more. 

6:38 George Clooney's girlfriend is swathed in sculptural metallic satin by Marchesa, kind of a coppery-gold.  The girl can work it, and she's giant!  Hair down and swept to one side.  We like. But up 'til now still thinking Chastain was most stunning.  Yes or no?

6:48 Viola Davis' got a deep plunging bustline -- emerald green Vera Wang -- form-fitting until the bottom which features a series of ruffles and pleats at the bottom.  And her mom did her hair!  From the quick glance we got at Rooney Mara - it might be an uh-oh.   No dragon girl for her this time - a white lace-ish dress - droopy.  Not so sure.

6:58 It's a matter of love - Michelle Williams - in frilly chiffon coral Louis Vuitton, she looks darling.  And not so much - Rooney Mara -- in Givenchy.  Wings are covering the girls, plunge is deep, color - she went the opposite of black - white.  Unexceptional.  What do you think.  Love the Tadashi Shoji on Octavia Spencer - white, super-embellished capped sleeves - so figure flattering, she looks elegant!

9:22 Let's discuss Gwyneth Paltrow's white strapless slither topped by a cape.  Loved it!  So swanky - not surprisingly, Tom Ford.  Always a bombshell Angelina Jolie did a black Versace - slit from here to eternity!!

10:56 Meryl Streep wearing gold sparkle Lanvinnipped at the waist - she looks pretty good!  Still debating whether JLO had a wardrobe malfunction or not.  What do you think?

11:35 Overall some daring cleavage and loads of bare shoulders.  Hits:  Gwyneth Paltrow, Michelle Williams, Jessica Chastain, Viola Davis...lots of goodies.  Good night!

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