Now even though I was scheduled to attend this event, I had a very important dinner meeting this night at a nearby SB Lebanese restaurant 'Zaytoon' (yum, great belly dancer, shisha and garden decor by the way) so I did not attend. But I was told later that Franco was '127 hours late' arriving after an Oscar rehearsal and red carpet interviews were nil as he ran in faster than the speed of light but here is a short recap of the James Franco award panel for 'Outstanding Performance' hosted by funny and brash Seth Rogen thanks to The Santa Barbara Independent...

The SB Independent:

"Certainly the best line yet delivered by a guest star bestowing an honoree came Saturday night from the irreverent mouth of Seth Rogen while lightly roasting James Franco, superstar. “Weird. This is the first time I’ve ever been in a movie theater built inside a Mexican restaurant,” he said of our much vaunted and vaulted Arlington. “That’s weird. But you should try the margaritas, they’re great. I guess we’re in the courtyard, so that’s great too.” Rogen went on to say that when he first saw Franco a decade ago in their seminal TVshow debuts for Judd Apatow, he instantaneously desired strenuous sexual congress with the man, though he used a coarser vocabulary to express his man crush.

Rogen’s blissfully quick, profane, and witty intro came in the wake of what was also one of the most seeming-honest, cant-free reflections on a career we’ve heard in the long parade of honored guests. Franco, who was almost an hour late coming into the theater — one wag suggesting his arm was stuck in the limo’s door and it might take up to 127 minutes to pry it out — expressed sheepish surprise that he was to be interviewed. “I thought I was just coming up here and getting an award and leaving,” he said. (He’s not the first guest to express similar surprise. If memory serves, Clint Eastwood seemed baffled by the evening’s agenda. Note to SBIFF: Warn the guests.)

Palo Alto-born Franco, in case you’ve been living off the grid of any popular media, besides being the sexy cult star of the sexy cult cancelled television show Freaks and Geeks, has been popping up in everything from Pineapple Express to Eat Pray Love, and, besides being Academy Award nominated for 127 Hours, will cohost the show with Anne Hathaway. He’s the man of the hour, as a few screaming fans attested, and probably earned a right to be vain and smug, but took another path. Currently enrolled as an English lit grad student at Yale, easy A capital of the world, Franco came off honest and thorough with moderator Leonard Maltin, even hinting that he had been a pain in the ass on most sets in his earlier days. Again, Rogen confirmed that assessment in less print-friendly language."

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Read more of this article here: http://www.independent.com/news/2011/jan/30/127-hours-late/

James Franco awarded for his 'Outstanding Performance' in 127 Hours (2010) by director Danny Boyle.