I really didn't find it all that funny and frankly, I wish they had cut the opening numbers (although the actors were great), the salute to Chicago, the long montage to Bond music, and Streisand (ugh). That would've shaved about an hour off of an already too long show.
I did not understand the salute to Chicago at all....
Apparently the oscar show's producer also produced that movie.
Seems a little self indulgent, if not crassly self promotional.