Following his star-studded house warming party last night, Tom Cruise was spotted making his way into the 2008 MTV Movie Awards with Suri on his shoulders, and he later presented Adam Sandler with the MTV Generation Award.

The crowd went wild as Will Smith won Best Male Performer for I Am Legend. He was joined by his son and costar Jaden.

Canadian starlet Ellen Page from Juno went on to win the counterpart trophy for actresses.

Host Mike Myers and Dana Carvey resurrected their Saturday Night Live characters Wayne Campbell and Garth Algar, the cable access hosts of Wayne’s World. They acknowledged it’s been awhile since they’ve been together (”1994. That’s a while,” said Wayne) and presented a risque top ten list of adult film titles (No. 8: I Am Legend … In Bed; and No. 1 Iron Man).

Chris Brown and Mike Myers engaged in an intense dance-off following the opening monologue. Chris’ dancing was so great that we almost forgot to notice his strange outfit, which included a colorful jacket and some seriously red shoes. Myers held his own during the dance-off and even broke out some old school moves including some badass belly rolls.

Johnny Depp managed to win honours in both the Best Comedic Performance (for his turn as Captain Jack in Pirates of the Caribbean) and the Best Villain categories (for Sweeney Todd.)

Sarah Jessica Parker, whose Sex and the City: The Movie, scored the number one position at the box office, received congratulations from Tom Cruise. Wife Katie Holmes admitted that she hadn’t seen the movie yet and was waiting to “have all my friends over. We’re gonna dress up and do it right!”

Adam Sandler (aka “The Sandman”) took home the Generation Award and we were not only treated to a great montage of Adam’s work but also a musical number by The Sandman. He sang his own version of Nobody Does It Better in celebration of his own awesomeness while surrounded by dancers, including Rob Schneider in a gold unitard and Kevin James.