Since I decided to watch the whole thing live then come on here and comment, I'll start from the beginning.
Radioshack Shooting Stars
You know, I have to admit I do find this entertaining even if I'd sacrifice it for a longer dunk contest. It's cool to see the old players out there and it's fun. I just prefer the creativity of the dunk contest. Like most people I figured it was over once the Spurs posted 25 seconds. And two half court shots made on the first attempt. Having some stars in it helps keep things interesting as well.
Skills Challenge
Wade!

I wanted him to win but I have to admit I picked Nash; seemed like the safe pick, right? A lot of us got proven wrong on that one. This one was my favourite Skills Challenge so far, even without record setting times and a lot of missed jumpers Wade and LeBron added some flair. Flair mixed with fundamentals...exactly the thing I find entertaining about basketball.
Three Point Shootout
Anyone else remember the days when scores in the 20s were more commonplace? I thought Allen was going to get there in the second round but he quickly fizzled. I was reminded of Steve Smith competing back in 2002 when he came in as the league's most accurate three point marksmen...and scoring 8 points.
Nowitzki's victory is well-earned, though I wonder how many people will want to asterisk it with that shot in the first round that clearly came after the buzzer. Still, you play with the calls that are made and he delivered. Arenas would have been a good story of course, the last minute replacement coming in and taking the contest. But congratulations to Dirk.
Slam Dunk Contest
Or should that be Sham Dunk Contest? I'd sum this one up as a contest showcasing some very entertaining dunks but one marred by the judging. Since it's my favourite event, I feel compelled to go through the dunks one by one.
Warrick's first dunk...I thought that was scored too low, but the first dunk in a contest usually is unless it's absolutely mind blowing. As usual, the crowd's not fully into it yet and I don't think that dunk was truly appreciated. Difficult even for an athlete like Warrick and a nice variation on dunks we've seen before.
Iggy's windmill off the lob...also underscored. Michael Finley did something similar in 1996 and again in 1997, but Iggy jumped higher and finished with more authority. I thought this should have been up in the higher 40s, perhaps a 47 or maybe even a 48.
Nate's first dunk...you know, I'd have given it a 50. I know it got a 49 but I was thinking 50. A bounce pass and a 360 and at his height...lesser dunks have gotten 50 and it was Kenny Smith who gave out the 9...weird since he's a stickler for holding dunks to previous standards instead of judging within the context of the current contest.
Josh Smith...I know, I know. He screwed himself with the tape. Even if he was just giving himself an early marker to know when to finish up his stride, it looked like he wanted to take off from way behind the line. BUT...he still got great elevation and a double-pump two handed throwdown jumping with his heel very close to the line, if not right on it. Vince Carter did a lesser dunk in 2000 that got a higher score. 41 just isn't right, even if you want to penalise him for the fakeout.
Now here's where I have to comment on the rules. I'm not a huge fan of the mandatory "using another player" dunk. I guess it makes up for any lack of creativity but it also ensures a restriction, too. That's an attempt a player could have used on something totally different and fresh. How many times can a player jump over a teammate without it getting stale?
I think that's what happened with Warrick's second dunk. I thought it was impressive, he put it down cleanly and with authority. I hope he has another chance to compete, since he got the short end of the stick both times.
Iggy off-and-under the backboard...wow. If that hadn't of gotten a 10 from everyone, those folks should have immediately been replaced on the judges' table. Everything about that dunk was great: the difficulty, the hangtime, the finish, the fact he didn't smack his head on the board.
Nate's second dunk...fair enough scoring except for Moses giving an 8. I wouldn't put it any higher than Moses giving a 9 and scoring it as 45 though.
Had he made the dunk he was trying out first, Smith might have garnered a 50. Had he not been robbed on the first attempt, that would've taken him through to the Finals. As it was, I can't blame him for putting down a half hearted 40 after the failed attempts. This just wasn't his night.
The finals...Chris Andersen's record is shattered on Nate's first series of attempts, but at least he did something more impressive. Again, Moses Malone gives an 8. On a 5'9" guy going between the legs. When players aren't supposed to be penalised for missed dunks. By this point I'm not surprised.
Iggy goes behind the back on the lob and makes it on the third go. I'm really worried they're going to give him a 43 or something, but they do the right thing and give him a 50. JR Smith should have gotten a 50 last year when he went behind the back for the first time. Something impressive that's never been done before or an even more spectacular variation of a previous dunk deserves a 50, no questions asked.
Nate over Spud...great showmanship when he brought out the jersey, I figured he was just going to emulate one of Spud's dunks wearing the jersey as Smith did with Nique and the windmill last year. Well-earned 50, no sympathy 10s there. Not necessarily original but hardly easy or unimpressive.
If Iggy had nailed the 360 behind the back, he would have won it right there. That would have to have been a 50 had he got it. Could've been a 45 but at the very least I was glad it went to a dunk off, the first time it's happened in the Finals. They did have a tiebreaker back in 1985.
The contest clinching dunk by Nate...a bit anti-climactic because of all the tosses, even though it's not supposed to go against a player. Nice dunk when it went down though. Iggy's dunk should've forced the tie for another dunk off. Kenny Smith changing his score was completely ridiculous. As he's done in the past, he managed to taint the contest with his judging from start to finish.
I thought this contest was very much like last year's...very entertaining, some original stuff and it felt too short because of the smaller field and less dunks compared to the old days. But it was also marred by some bad judging. Kenny Smith should not be allowed to judge a contest ever again. Ever. He's tainted contests in the past with his bizarre criteria riddled with double standards and changing his final score like that was just poor. It's a shame there were boos when Nate was announced as the champion but you can't blame the crowd. Smith screwed Iguodala. Moses Malone wasn't too great either. With the exception of maybe Clyde Drexler, none of those guys should judge again. All due respect to them for what they've done in the past. But they shouldn't judge dunk contests, plain and simple.
But as Colin said, it was entertaining and at the end of the day we as fans win. But I would have liked to have seen better judging. Once again: Kenny Smith; judging; never again.