Hugo got 11 nominations, which is great. But, there were a lot of snubs, most notably Leonardo DiCaprio, Michael Fassbender, Drive, Ryan Gosling and Melancholia.
Here's a quick rundown of the main categories...
The Artist, Thomas Langmann, Producer
The Descendants, Jim Burke, Alexander Payne and Jim Taylor, Producers
Extremely Loud and Incredibly Close, Scott Rudin, Producer
The Help, Brunson Green, Chris Columbus and Michael Barnathan, Producers
Hugo, Graham King and Martin Scorsese, Producers
Midnight in Paris, Letty Aronson and Stephen Tenenbaum, Producers
Moneyball, Michael De Luca, Rachael Horovitz and Brad Pitt, Producers
The Tree of Life, nominees to be determined
War Horse, Steven Spielberg and Kathleen Kennedy, Producers
It will come down to The Artist and The Descendants but I'd love to see Tree of Life or Midnight In Paris win.
The Artist, Michel Hazanavicius
The Descendants, Alexander Payne
Hugo, Martin Scorsese
Midnight in Paris, Woody Allen
The Tree of Life, Terrence Malick
I am torn between Scorsese and Allen for this one, but I think Scorsese might get it. This is by far the most competitive category because they are all such amazing and daring film-makers. It's actually probably anyone's Oscar.
Actor in a Leading Role
Demián Bichir in A Better Life
George Clooney in The Descendants
Jean Dujardin in The Artist
Gary Oldman in Tinker Tailor Soldier Spy
Brad Pitt in Moneyball
Clooney will probably win it, but I'd like to see Dujardin take it home. Pitt is the dark horse.
Actress in a Leading Role
Glenn Close in Albert Nobbs
Viola Davis in The Help
Rooney Mara in The Girl with the Dragon Tattoo
Meryl Streep in The Iron Lady
Michelle Williams in My Week with Marilyn
Michelle Williams should and probably will win it. Streep is her biggest threat.
Actor in a Supporting Role
Kenneth Branagh in My Week with Marilyn
Jonah Hill in Moneyball
Nick Nolte in Warrior
Christopher Plummer in Beginners
Max von Sydow in Extremely Loud and Incredibly Close
Plummer is the likely winner, but it would be great to see Hill win it. Nolte is the dark horse.
Actress in a Supporting Role
Bérénice Bejo in The Artist
Jessica Chastain in The Help
Melissa McCarthy in Bridesmaids
Janet McTeer in Albert Nobbs
Octavia Spencer in The Help
Spencer is probably the favourite, but I'd like Bejo to win. McCarthy is the dark horse.
The Artist, Guillaume Schiffman
The Girl with the Dragon Tattoo, Jeff Cronenweth
Hugo, Robert Richardson
The Tree of Life, Emmanuel Lubezki
War Horse, Janusz Kaminski
It will probably be Hugo's night, but The Tree of Life was amazing. The Artist is a slight chance.
Writing (Adapted Screenplay)
The Descendants, screenplay by Alexander Payne and Nat Faxon & Jim Rash
Hugo, screenplay by John Logan
The Ides of March, screenplay by George Clooney & Grant Heslov and Beau Willimon
Moneyball, screenplay by Steven Zaillian and Aaron Sorkin. Story by Stan Chervin
Tinker Tailor Soldier Spy, screenplay by Bridget O’Connor & Peter Straughan
The Descendants will win, but I want Moneyball to take this one home. Hugo is a possibility.
Writing (Original Screenplay)
The Artist, written by Michel Hazanavicius
Bridesmaids, written by Annie Mumolo & Kristen Wiig
Margin Call, written by J.C. Chandor
Midnight in Paris, written by Woody Allen
A Separation, written by Asghar Farhadi
Midnight In Paris should and probably will win. The Artist is its biggest rival.
Who do you think will win an Oscar? Who should win an Oscar?
There's a lot of ongoing debate about the validity of the Oscars and its scope. Comedies in particular are often shunted, which is why McCarthy's nomination is such a big deal, but I don't think we need to introduce new categories into the Academy Awards. I think comedic actors and actors who perform with CGI, as in Rise of the Planet of the Apes, should be considered in the existing acting categories.
What do you think? Are there other categories they should add to the Academy Awards?