Couldn't they have just given up the show's bad musical numbers and made it a mini-concert? Though I've been a lifelong Oscar watcher and would be freaking out if actually present, that would have been me in the audience calling loudly "MOONRAKER!!!";)
Nobody showed, and I think this may be why the supposed "big" presentation didn't occur. All we got was the pitifully short montage. At the very least I would have loved to see anyone on-stage get some kind of recognition, perhaps in lieu of some decent roles for Pierce, Tim or George.
BTW thank goodness that abomination got the boot. ;)