2012 release date now much closer to titular year. [THR]

The latest cut in the ever-shrinking kingdom of Larry and Sergey: Google Print Ads, a program which brokered ads in newspapers and magazines. So much for the notion of Google saving the printed word.

Ted Kennedy's OK: "He's awake and answering questions from the doctors," the hospital says.

[Mary-Kate Olsen leaving her Manhattan townhouse today; image via Splash]

Six years ago, before John Krasinski was John Krasinski, his crazy dream of filming the story collection Brief Interviews With Hideous Men was little more than just that.

Have you picked the hottest Obama staffer yet? With their boss sworn in, the aura of sexy power has only grown sexier.

The Informers features the nuttiest Sundance cast this side of Push: Billy Bob Thornton, Mickey Rourke, the late Brad Renfro, Winona Ryder, and, of course, Amber Heard's breasts. So what went wrong?

Obama's inaugural address was "a philosophic statement of high moral purpose," said Reverend Eugene Rivers on MSNBC just now. Everyone agrees: it was serious and somber.

The biggest threat to the children of the rich is the rich themselves. Like Bob Arnot, the former NBC medical correspondent, who made a frighteningly loopy fundraising pitch for Eaglebrook, a private junior boarding school:

There were stories of Patti LuPone, legendary Broadway star, yelling at an audience member in the middle of a performance of Gypsy because he or she was taking pictures. Well, now there's audio.

Who will dethrone Steve Jobs and Bill Gates as the kings of tech? [Gizmodo]

We've given you a heaping helping of overheard quotes from Sundance, but we'd remiss if we didn't mention the one we hear constantly about every single film here.

Twenty years after barging into Sundance with low expectations and leaving with a robust stake in festival mythology, Steven Soderbergh joined three-quarters of his sex, lies, and videotape cast for a rollicking anniversary screening.

Lawyers for John Travolta and Kelly Preston claim officials in the Bahamas tried to extort millions from the celebrity couple with "false claims" about the tragic but controversial death of their teenage son Jett.

Would you like a day's worth of American Promise and Democracy summed up in ten brief internet videos? Yes you can click and watch the top ten moments of the Inauguration!

1/20 — After this morning's screening of Brief Interviews With Hideous Men, there was JUSTIN KIRK shuffling along the front of the Racquet Club theater. Too bundled up, required a triple-take, but those accosting fans looking for pictures gave him away. I think he was supporting Julianne Nicholson, whom he starred with a few years back in Flannel Pajamas. They both wore a lot more clothes today. [Park City PrivacyWatch is written by and for Defamer readers at Sundance and beyond; send your sightings to tips@defamer.com.]

You thought Gossip Girl was the most important thing to talk about today? Incorrect. That title does, in fact, belong to last night's episode of The City. Participate in the discourse after the jump.

Who stands to make a fortune from the Bernie Madoff mess? The lawyers, of course. Just a few of the firms currently involved in one way or another: Proskauer Rose, which is advising dozens of former Madoff clients; Paul, Weiss which was retained by Madoff's sons, Mark and Andrew; Dechert, the firm defending Madoff pal Ezra Merkin; and Simpson Thacher, which is now advising Walter Noel's Fairfield Greenwich Group. [Bloomberg, previously]

Warners heads Barry Meyer and Alan Horn issued a memo today breaking news that 10% of their workforce would be laid off. That's about 800, mostly accounting and IT personnel that keep the machinery running.

The inauguration is still underway, but don't let that stop you from trying to cash in on the action. Copies of today's New York Times—which went to press before the festivities started and doesn't even feature a very dramatic image on the front page—are now up for auction on Ebay for as much as $15.00. [Ebay]