The Return of the King just got the best picture Oscar at the Academy Awards, culminating a night in which it won the award for every category it was nominated (11 total). Yippee! Congratulations to Peter Jackson and all the other folks involved for an excellent series of movies!
I'm still sad that none of the actors got an Oscar, however, as they're all deserving. But hey, it was a great night for the LotR movies!