I saw Karan Johar's 'My Name Is Khan' the other day on blu-ray disc. I would say that it's Karan Johar's best film and SRK's best ever performance.
India's official entry to the 83rd Academy Awards was Aamir Khan productions' 'Peepli [live]'. I think, considering that 'My Name Is Khan' made it to the reminder list, meaning that it was eligible for awards in ANY of the categories (best picture, best director etc), it would have definitely won the award for best foreign film if India submitted it instead. They missed a trick.