I think Jon Stewart was pretty good. I feel he did hold back somewhat, but imagine that was a good thing, since he can get pretty political, as we know. I really think Billy Crystal is good at hosting.
As far as the movie winners, I am indifferent since I didn't see any of them. However, all the buzz was Brokeback Mountain, that I'm guessing they are all somewhat disappointed. Of all the nominated films however, the only one I may see on the big screen is Crash, and that's only because I've heard a few people say it was good.
TIS
Btw, they didn't show Darrin McGavin either did they?