In today's NY Times, MySpace co-creator Tom Anderson discusses the prospects for his company's new record label: "It's kind of like, who cares about MTV anymore?" Who cares about MTV anymore? Stereogum readers do! Right? I'm gonna liveblog this shit until I get bored...
7:55: Pre-show action! Fall Out Boy perform. Sway likes their "energy." Suchin looks hot interviewing Fiddy. Gideon Yago isn't emo anymore? Loder looks sweaty.
8:00: Green Day open the show with "Boulevard Of Broken Dreams." Big surprise: they're wearing all black. Wonder if Diddy will wear all white?
8:02: I walk alone ... I walk alone .... Green Day are up for a ton of awards tonight including Best Punk Opera Act and Best Use Of Eyeliner In A Music Video. Oooh -- check out the anti-war pyrotechnic display.
8:05: It's our host, P. Diddy! He's jumped into a digital pool. Waterfall effects. Looks like it's raining on the audience. Pouring one out for my homies in the French Quarter...
8:07: Diddy strokes his ego to what sounds like Frankie Goes To Hollywood.
8:09: Now a bunch of Diddies dance (or are they krumping?) to "Hollaback Girl." Gwen's in the audience; she looks pissed.
8:10: L. Lo and Nelly (one of them is wearing a Batman tanktop -- I'll let you guess which one) give out the first awards. Wait, no monologue at all? We want Suge Knight jokes! Couldn't they have gotten Steve Carell?
8:12: Kanye and Kelly Clarkson win something... Hmmm ... I'm sorta bored ... Gonna see if Law & Order: Criminal Intent is on. I'll be back, promise.
Let's hear what you guys have to say.
UPDATE: Photo fun after the jump...
One of these men goes by the name Tré Cool.

Hurricane Katrina forced Hilary Duff's Teeth to cancel their pre-party.

Quincy Jones remembers when VMAs were hosted by Dan Akroyd and Bette Midler. "And they were bananas!"

Fergie promises not to piss her pants if she meets MC Hammer.

It's not a party without Lindsay Lohan, on a mission to reunite with her cleavage.

Eric Roberts just handed Gwen twenty Keaton Simons CDs. "Money back guarantee!"

Killers fail to thank Ultragrrrl, but Mark gets points for the 'young-James Taylor' facial hair.

Kanye wins over My Chemical Romance fans.

Original!

Ashlee hopes R. Kelly will lipsync his hip-hopera.

The = represents Make Trade Fair. The red band stands for Save CBGBs. The yellow band means John O'Hurley Was Robbed.

Your humble host ... what's his name ... the dude from Making The Band 3: Season 2...





