Sundance Today: James Franco, Kevin Spacey, Demi Moore and More

Holy crap, it's not snowing! After last year's winter wonderland of a Sundance Film Festival, the 2011 fest is thus far snow-free, which means a) Main Street isn't going to be a snow bank-pocked disaster area and b) we won't have to look on jealously as skiers come off the mountain yammering about the best conditions of all time.

Yes, Friday in Park City, Utah begins with a hint of sunshine and the recollection of a truly great start. Last night we hit the teeny-tiny red carpet for "Fight For Your Right Revisited," Adam Yauch's short film that tells the story of what happened after the events of the the Beastie Boys' classic 1987 music video. We'll have a full report on that one soon, as well as what may very be the first public comments from Elijah Wood, who stars in the short, about reprising his role of Frodo in "The Hobbit." Wood was only too happy to share his thoughts on Peter Jackson's latest project.

On the docket for today -- our first full one here -- are a slew of interviews and screenings with some of this year's biggest names. We'll be getting some face time with James Franco and Don Cheadle, to name just two folks. We'll be checking out highly anticipated screenings like "Margin Call" (a drama set during the early days of the 2008 financial crisis, starring Kevin Spacey, Paul Bettany, Jeremy Irons and Demi Moore) and "The Music Never Stopped" (starring Lou Taylor Pucci J.K. Simmons and based on an Oliver Sacks' case study about a man with a brain tumor that has damaged his memory, making the past indistinguishable from the present).

But that's only a mere taste of what we have to come. Keep checking to MTV News for the latest from Sundance 2011.