Today we learned that MTV will pay homage to Britney Spears when the Video Music Awards air at the end of this month. It's about time, considering the network practically birthed her and more or less kept her going by allowing her to her shimmy around onstage whenever she wanted (though as time passed, some shimmies …

There are a ton of rumors swirling around tonight's VMAs: will Taylor sing a song about Kanye? Will Rihanna or Lindsay Lohan make a surprise appearance? Will we fall asleep halfway through the show? Let's all find out together.

• As predicted, Beyoncé will have a fragrance by springtime. For the rights to her name, Sasha Fierce is set to earn up to $20 million over the next three years. [WWD]

Tracie will be here at 9pm EST to liveblog the 2009 MTV Video Music Awards, so please stop by and join your fellow commenters for a night of Michael Jackson tributes, Russell Brand quips, and a rumored-to-be-legendary Lady GaGa performance.

Anyone who saw the MTV Video Music Awards last night knows that they ran heavy on bad and ugly and that very little good was anywhere to be seen. After the jump the best and worst fashions seen at last night's show, plus, a new category: the stupid!