By Adam B. Vary
Updated February 20, 2009 at 12:00 PM EST

Hot off the, er, presses on YouTube comes this pretty interesting video of Hugh Jackman — and Hugh Jackman’s arms — rehearsing a big song-and-dance number for this Sunday’s Academy Awards telecast. Check it out:

So it looks like we’ll be getting Jackman in a top hat and twirling a cane, some fancy step-dancing and dancing on steps, and a knowing wink at the election of Barack Obama. Also, Jackman apparently knows from Oscar-hosting history, getting in a veiled dig at David Letterman’s infamous “Uma, Oprah” moment. (As for the source of the apparently professionally produced video, or what it’s intended for, that’s still a mystery.)

So what do you think, PopWatchers — it looks like we’re getting some old fashioned showbiz at this year’s Oscars. Do you think that’s what the show needs?