I love watching this show (even when it is hosted, as it is this year, by Jonathan Ross instead of Stephen Fry), but by the time the edited version airs on BBC America at 8 PM ET, I will have read all the winners on Twitter or on Xan Brooks' delightful Guardian live blog.
SPOILER ALERT: For those of you who can't wait, the winners include (updated):
The King's Speech, finally, wins seven awards: best film, best British film, best actor Colin Firth, best original screenplay David Seidler, best supporting actor and actress, Geoffrey Rush and Helena Bonham Carter, and best score Alexandre Desplat.
Actress: Natalie Portman for Black Swan beats out Julianne Moore and Annette Being (The Kids Are All Right), Noomi Rapace (The Girl with the Dragon Tattoo) and Hailee Steinfeld (True Grit). This win will push Portman's forward momentum in the Oscar race.
Director: American director David Fincher (The Social Network) beats out Brits Danny Boyle (127 Hours), Christopher Nolan (Inception) and Tom Hooper (The King's Speech), as well as fellow American Darren Aronofsky (Black Swan). The battle for the Oscar is between Fincher and Hooper.
Cinematography: Brit Roger Deakins takes the prize, the first of the night for True Grit. He'll win the Oscar too, methinks, partly because he is long overdue and also because he is not competing with himself this year.
Adapted screenplay: As expected, Oscar frontrunner Aaron Sorkin wins for The Social Network. Sorkin, who has a string of wins behind him, charms the crowd with a self-deprecating acceptance speech: "Now, normally I'd be really excited by this. But in the seat in front of me is one of the Beatles, and in the seat in front of him is Julianne Moore, and in the seat in front of her is Annette Bening. So I'm maxed out."
Rising star: Homeland advantage went to Inception's Tom Hardy over Gemma Arterton, Andrew Garfield, Aaron Johnson and Emma Stone.
Best animated film: Pixar's Toy Story 3, which will go on to win the animated Oscar too.
Original screenplay: As expected, David Seidler for The King's Speech, who is favored to win the Oscar.
Supporting actor: Geoffrey Rush for The King's Speech beats out Christian Bale (The Fighter), Andrew Garfield (The Social Network), Mark Ruffalo (The Kids are All Right), and the late Pete Postlethwaite (The Town). The Oscar advantage goes to Bale.
Outstanding British film: The King's Speech beats 127 Hours, Another Year, Four Lions and Made in Dagenham. Historically this means that the best film will go to something else.
Best Supporting Actress: Helena Bonham Carter for The King's Speech, who cited her other role as the Red Queen in her acceptance remarks: "I think I should thank the royal family, actually, because they've done wonders for my career...I want to dedicate this to all the best supporting wives in the world."
Best VFX, production design, and sound: Inception.
Best film not in English: The Girl With the Dragon Tattoo, which beat out the only foreign-language Oscar nominee for this year, Biutiful, plus I Am Love, Of Gods and Men and last year's Oscar-winner The Secret in Their Eyes.
Costume design and hair & makeup: Alice in Wonderland.
Editing: The Social Network's Angus Wall and Kirk Baxter.
Live Action Short: Paul Wright and Poss Kondeatis for Until the River Runs Red.
Animated Short: Michael Please for The Eagleman Stag.
Original music: Alexandre Desplat for The King's Speech, the first award of the night for the BAFTA Awards frontrunner, which has 14 nominations; Darren Aronofsky's Black Swan follows with 12.
Sir Christopher Lee accepted his lifetime achievement award: his movies include the great Hammer vampire films I grew up on, such as A Mass for Dracula, as well as many other horror titles---Howling 2: Werewolf Bitch, The Wicker Man, Theatre of Death, The Blood of Fu Manchu, The House That Dripped Blood and The Devil's Daffodil---as well as several Star Wars prequels and The Lord of the Rings trilogy.
And trying to make up for the much-overlooked Harry Potter films in the awards arena, BAFTA gave an honorary prize to the series based on Brit author J.K. Rowling's global bestsellers.
[Photo of Tim Burton and Helena Bonham Carter and Noomi Rapace by Ian Gavan/Getty Images, Colin Firth and Livia Giuggioli, and Emma Watson by Joel Ryan/AP, Jesse Eisenberg by Dave Dettman/BAFTA /Rex Features and J.K. Rowling by David Fisher/Rex Features.]