LET’S assess the fall out, read the tea leaves and pass along some gossip in the wake of yesterday’s Tony Award nominations:

* Julia Roberts may be America’s sweetheart, but she’s not Broadway’s.

Roberts was snubbed by the Tony nominating committee, which reached back to last summer’s long-forgotten revival of “The Constant Wife” in search of a performer – Lynn Redgrave – to fill out the slate of five nominees for Best Actress in a Play.

Redgrave was a surprise choice, since few people seemed to realize she was eligible in that category (few people, in fact, remembered she was even in the play).

But her name was above the title, and that made her a contender.

If you’re, say, a muckety-muck at Creative Artists Agency, which represents Roberts, you’re in a foul mood these days, ranting about “out of touch” nominators and “pathetic” critics who are making Broadway inhospitable to movie stars.

On the other hand, if you’re a member of the American Theater Wing, the nonprofit organization that holds the Tony copyright, you point to the snub as evidence that the nomination process has integrity and doesn’t bend to industry pressure to celebrate stars.

And if you’re Julia Roberts, you sail above the fray.

When you’re asked to appear on the June 11 Tony telecast, you take the classy Sean Combs route (he, too, was snubbed, for “A Raisin in the Sun” in 2004) and say: “I’d be delighted.”

You do not go into your royal tent and pout the way Denzel Washington, snubbed for “Julius Caesar,” did last year.

* Publicly, the folks at Disney are saying they never expected many nominations for their musical “Tarzan.”

Their line is: We don’t do shows simply to win Tony nominations and the approval of critics and the Broadway community. We do shows to sell vast numbers of tickets to families who’ve never read a theater review or seen a Tony telecast in their lives.

But the almost total Tony shutout (“Tarzan” netted just one nomination, for lighting – whoopee) has got to hurt.

Disney employed some serious theater artists – Bob Crowley, direction, sets and costumes; David Henry Hwang, book – in an effort to make “Tarzan” a cut above a theme-park show.

It failed.

Industry scuttlebutt is that “Tarzan” may turn out to be the first chink in Disney’s armor – its first artistic and commercial failure.

The show has a $14 million cash advance, but that can evaporate pretty quickly if daily ticket sales start to wobble.

A new block of tickets went on sale last week, but, from what I hear, they’re not flying out the door.

* Two shows that were nominated for Best Musical but don’t stand a chance of winning – “The Color Purple” and “The Wedding Singer” – have a big decision to make: How much money should they spend trumpeting the nomination?

In the past, shows have shelled out $1 million or more during the Tony rat race without a noticeable uptick at the box office.

For “The Color Purple,” the investment is probably wise.

The show’s already a hit.

Promoting the nomination will reinforce the notion that “The Color Purple” is a must-see for Oprah Winfrey fans – out-of-towners, mainly, who’ll flood the city this spring and summer.

As for “The Wedding Singer,” spending a ton of money on advertising between now and the Tonys is a risk.

The show’s only doing so-so despite a television ad blitz, and it’s doubtful that a slew of new ads is going to make much difference.

MAJOR NOMS

Play: “The History Boys”; “The Lieutenant of Inishmore”; “Rabbit Hole”; “Shining City.”

Musical: “The Color Purple”; “The Drowsy Chaperone”; “Jersey Boys”; “The Wedding Singer.”

Book-Musical: “The Color Purple,” Marsha Norman; “The Drowsy Chaperone,” Bob Martin, Don McKellar; “Jersey Boys,” Marshall Brickman, Rick Elice; “The Wedding Singer,” Chad Beguelin, Tim Herlihy.

Original Score (Music and/or Lyrics) : “The Color Purple,” Brenda Russell, Allee Willis, Stephen Bray; “The Drowsy Chaperone,” Lisa Lambert, Greg Morrison; “The Wedding Singer,” Matthew Sklar, Chad Beguelin; “The Woman in White,” Andrew Lloyd Webber, David Zippel.

Revival-Play: “Awake and Sing!”; “The Constant Wife”; “Edward Albee’s Seascape”; “Faith Healer.”

Revival-Musical: “The Pajama Game”; “Sweeney Todd”; “The Threepenny Opera.”

Actor-Play: Ralph Fiennes, “Faith Healer”; Richard Griffiths, “The History Boys”; Zeljko Ivanek, “The Caine Mutiny Court-Martial”; Oliver Platt, “Shining City”; David Wilmot, “The Lieutenant of Inishmore.”

Actress-Play: Kate Burton, “The Constant Wife”; Judy Kaye, “Souvenir”; Lisa Kron, “Well”; Cynthia Nixon, “Rabbit Hole”; Lynn Redgrave, “The Constant Wife.”

Actor-Musical: Michael Cerveris, “Sweeney Todd”; Harry Connick Jr., “The Pajama Game”; Stephen Lynch, “The Wedding Singer”; Bob Martin, “The Drowsy Chaperone”; John Lloyd Young, “Jersey Boys.”

Actress-Musical: Sutton Foster, “The Drowsy Chaperone”; LaChanze, “The Color Purple”; Patti LuPone, “Sweeney Todd”; Kelli O’Hara, “The Pajama Game”; Chita Rivera, “Chita Rivera: The Dancer’s Life.”