Here is my predictions :
Blue = I think they should win
Red = Who I think will win
BOLD= when we agree LOL

ACTOR IN A LEADING ROLE
Johnny Depp - PIRATES OF THE CARIBBEAN: THE CURSE OF THE BLACK PEARL
Ben Kingsley - HOUSE OF SAND AND FOG
Jude Law - COLD MOUNTAIN
Bill Murray - LOST IN TRANSLATION
Sean Penn - MYSTIC RIVER

I believe Sean Penn deserves it, but Mr. Penn has snubbed his nose a few two many times at the establishment that would be honoring him. I just can't imagine that they will

ACTOR IN A SUPPORTING ROLE
Alec Baldwin - THE COOLER
Benicio Del Toro - 21 GRAMS
Djimon Hounsou - IN AMERICA
Tim Robbins - MYSTIC RIVER
Ken Watanabe - THE LAST SAMURAI

I would like to see Tim Robbins recieve it, but I have heard great things and predictions for Alec Baldwin too.

ACTRESS IN A LEADING ROLE
Keisha Castle-Hughes - WHALE RIDER
Diane Keaton - SOMETHING'S GOTTA GIVE
Samantha Morton - IN AMERICA
Charlize Theron - MONSTER
Naomi Watts - 21 GRAMS

I am pulling for Diane Keaton, a woman that not only made the movie a favorite, but outshined Jack.. and that isn't easy to do. That woman has class and talent

ACTRESS IN A SUPPORTING ROLE
Shohreh Aghdashloo - HOUSE OF SAND AND FOG
Patricia Clarkson - PIECES OF APRIL
Marcia Gay Harden - MYSTIC RIVER
Holly Hunter - THIRTEEN
Renée Zellweger - COLD MOUNTAIN

Recognizing her is way overdue. This will be her year

ANIMATED FEATURE FILM
BROTHER BEAR
FINDING NEMO
THE TRIPLETS OF BELLEVILLE

Altho there has been lots of positive hopes for The Triplets, I can't imagine that Nemo will be overlooked. Personally I liked Brother Bear more..

[B]DIRECTING
CITY OF GOD
THE LORD OF THE RINGS: THE RETURN OF THE KING
LOST IN TRANSLATION
MASTER AND COMMANDER: THE FAR SIDE OF THE WORLD
MYSTIC RIVER

This is, in my opinion the toughest category. I personally would love to see Sophia Coppola get it for Lost in Translation.. but realistically this being her first attempt isn't likely to get the recognition she deserves. I would also like to see LOTR get it.. BUT.. I don't believe that the academy has shown any appreciation in the past for fantasy or epics... that being said I think it will be over looked. I do believe that Clint will get this one... not only because the movie was incredible.. but because he himself bankrolled it.. that equals honor amoung men for them.

BEST PICTURE
THE LORD OF THE RINGS: THE RETURN OF THE KING
LOST IN TRANSLATION
MASTER AND COMMANDER: THE FAR SIDE OF THE WORLD
MYSTIC RIVER
SEABISCUIT

Read my above reason for best director.. I think it follows thru to my reasons here too. Altho LOTR was grand and wonderful, I don't think that it will top the incredible acting and story of Mystic River.