Late response but...
Best Picture
The Curious Case Of Benjamin Button
Milk
Frost/Nixon
The Reader
Slumdog Millionaire
This is a two horse race between the Curious and the Millionaire. Hands down. And Slumdog is the favorite. Slumdog just picked up Screen Actors Guild Awards for Outstanding Performance By a Cast in a Motion Picture, It's equivalent to Best Picture. Slumdog picked up Best Motion Picture at the Golden Globes as well. Two major awards down, Oscars to go.
Both the best actress and actor categories are interesting.
Brad Pitt is nominated for Best Actor. But Mickey Rourke (The Wrestler) or Sean Penn (Milk) would win it.
Kate Winslet and Meryl Streep are nominated for Best Actress once again. But hey, Anne Hathaway is in it. Angelina Jolie is also nominated for The Changelin. Melissa Leo rounds up the best actress category for her role in Frozen River.
Heath Ledger is very likely to win Best Supporting Actor for his performance as the Joker in The Dark Knight, which was shut out of Best Picture, director and screenplay. The Dark Knight has 8 nominations, but they are technical categories, but hey, they are important in filmmaking. Let me guess, it'd win Sound Editing.
Best Director should be between Danny Boyle (the Millionaire) and David Fincher (the Curious)
Adapted Screenplay is once again between the Curious and the Millionaire. Original Screenplay might go to In Bruges. Wall-E is nominated for Best Original Screenplay and Best Animated Feature.
Let The Right One In is not nominated for Best Foreign Language Film. The Class (France) is probably the favorite.
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