It's all fun and games until the joke is directed at you, or someone (or something) you care about. I thought joke was very, very mild compared to what I've heard other celebs say on similar shows.
Will Smith should have been arrested on the spot. Not only did that not happen, they allowed the show to proceed as if the assault didn't even occur? In an age where someone says "I don't feel safe" over someone's words is often enough to get them banned from an event, it seems the height of hypocrisy to allow someone who actually attacked someone else physically to continue on as usual.
As if laws apply to the rich, powerful, or famous...