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10. Cringeworthy.
9. Entertaining.
8. Hilarious!
7. Yeah, pretty silly considering hadn't he recently gotten busted banging a 16-year old (and filming it)?
6. It was great watching him get booed.
5. In 1997, he was King of the World.
4. Not awful. I always appreciated it when crazy, off-the-wall, unexpected events happened to take the boredom away from the show and give us something to talk about the next day.
3. See number 4. The stars are too well-behaved and conformist these days.
2. Yeah, this was pretty uncomfortable.
1. Wrong. The number One most awful Oscar moment was watching Dances with Wolves beat out Goodfellas for 1991's Best Picture.

1991's Best Picture.

Oops. Telecast aired in '91. Awards were for 1990's films.

RE: In 1997, he was King of the World.

James Cameron got verbally whacked by Amy Poehler at the Golden Globes this year :

“I haven’t been following the controversy surrounding Zero Dark Thirty,” Poehler said after drawing attention to nominated director Kathryn Bigelow. “But when it comes to torture, I trust the woman who spent three years married to James Cameron.”