While perhaps not as glamorous as it was "back in the day," Cannes still packs star power. CNN calls the Festival de Cannes an "Orgy of Glitz" in a report on the opening of the 2005 edition of the festival:

The yachts are scrubbed, the red carpet is unraveled, giant movie posters vie for attention on the seafront and long-suffering residents force a smile. Let Cannes, the world's greatest film festival, begin.

The 58th Festival de Cannes opens on Wednesday in the glamorous Riviera resort, offering up the annual orgy of Hollywood glitz, showbiz excess and a bewildering number of films both in and out of competition.