UPDATE: Oscars 2012 Live Update: Full List of Winners at the 84th Annual Academy Awards

Finally, the moment has arrived. The 84th annual Academy Awards are being telecast live from the Hollywood & Highland Center (formerly known as the Kodak Theater) in Los Angeles.

Here are the major nominations and the nominees:

Best Picture: The Artist, The Descendants, Extremely Loud & Incredibly Close, The Help, Hugo, Midnight in Paris, Moneyball, The Tree of Life, War Horse.

Actor in a Leading Role: Demián Bichir, George Clooney, Jean Dujardin, Gary Oldman, Brad Pitt.

Actress in a Leading Role: Glenn Close, Viola Davis, Rooney Mara, Meryl Streep, Michelle Williams.

Directing: The Artist, The Descendants, Hugo, Midnight in Paris, The Tree of Life.

Where to watch the live streaming?

Below are the Web sites where you can enjoy the live streaming of the 2012 Oscar Awards online:

The official Web site of the Oscars

AP Live Entertainment

Livestream.com

E! Entertainment Web site

Ustream.tv

Celebrities who will present winners with awards are (in alphabetical order):

Christian Bale, Halle Berry, Bradley Cooper, the Bridesmaids cast (Rose Byrne, Ellie Kemper, Melissa McCarthy, Wendi McLendon-Covey, Maya Rudolph and Kristen Wiig), Tom Cruise, Penelope Cruz, Cameron Diaz, Michael Douglas, Will Ferrell, Tina Fey, Colin Firth, Zach Galifianakis, Angelina Jolie, Milla Jovovich, Melissa Leo, Jennifer Lopez, Natalie Portman, Chris Rock, Ben Stiller, Emma Stone and Meryl Streep.

What after the awards?

After the awards Jimmy Kimmel will host his After the Academy Awards Special on ABC. This year Meryl Streep, George Clooney, Tom Hanks, Martin Scorsese, Helen Mirren, Charlize Theron, Don Cheadle, John Krasinski, Emily Blunt, Samuel L. Jackson, Cameron Diaz, Taylor Lautner, Nolan Gould, Gary Oldman, Antonio Banderas, Edward Norton, Tyler Perry, Colin Ferrell, John Goodman, Jeff Goldblum, Jessica Alba, J.J. Abrams, Jason Bateman, Christoph Waltz, Jessica Biel, Gabourey Sidibe, Josh Brolin, Kevin James, Oprah Winfrey and many more will participate, according to the Oscar Web site.

Who will win?

The Webtrends Design Lab has analyzed as much as 476,000 tweets to assemble comprehensive Oscar winner predications. Check the infographic below to know who, according Twitter users, should hold the golden statue this time.

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Oscar Predictions: Webtrends Design Lab

But before the announcements of the winners, let's take a look at how the Hollywood stars dazzled at the red carpet. Here is a treat for your eyes!