I had the misfortune of seeing it live. I just happened to be channel-surfing at 10pm and I stopped on the Oscars. My take? If the joke was tasteless, Will should have shouted back something clever or witty. NOT resorted to physical violence. The longer the show went on, and he sat there, in frame, front-and-center, laughing the whole rest of the night like nothing happened, ticked me off. Then seeing him give his big speech, crying, talking about how "God is calling him to be a vessel of love"... I wanted to puke.
I literally can't believe he was able to walk up and strike a person, in front of so many people, and have no repercussions thus far. Anyone else would have been arrested on the spot.
The Streisand Effect is in full play on this one. That "GI Jane" joke would have just blown over. Many people, myself included, didn't get why it was supposed to be funny. I thought it was some inside joke. Now, because Will acted out, every news outlet everywhere is explaining why the joke was in poor taste, bringing attention to Jada's baldness, etc. So, yeah. Good job Will. Eye-roll.