Funny but at the same time not. Long but worth watching. use QT otherwise quality is poor.
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Colbert Does the White House Correspondents' dinner:
Was he snubbed?

"As he walked from the podium the president and First Lady gave Colbert quick nods, unsmiling, and left. E&P's Joe Strupp, in the crowd, observed that quite a few felt the material was, perhaps, uncomfortably biting."
Video-WMP (low res) Video QT (it's a big file)
"Colbert complained that he was "surrounded by the liberal media who are destroying this country, except for Fox News. Fox believes in presenting both sides-the president's side and the vice president's side."
He noted former Ambassador Joseph Wilson in the crowd, as well as " Valerie Plame." Then, pretending to be worried that he had named her, he corrected himself, as Bush aides might do, "Uh, I mean... Joseph Wilson's wife." He asserted that it might be okay, as prosecutor Patrick Fitzgerald was probably not there.
Colbert's show on Comedy Central, is "Must See TV" at this point already and these types of performances are the toughest in the business to pull off when he's tackling issues that obviously made most of the crowd nervous.
C-Span is running it again in it's entirety.
Atrios has a picture posted about Gannon.
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