The 83^rd Academy Awards will be presented on Sunday February 27, 2011, which means we only have 20 more days to speculate about who will go home with an Oscar, guess who will show up with whom and daydream about the high fashion and wardrobe mishaps always appearing on the red carpet. And now that the Super Bowl is behind us, is anyone planning to host an Oscar party? Are you the designated host because you are the one with a TV lift cabinet? The Academy Awards have a long-standing reputation of honoring the “best of the best” in the movie industry in 24 different categories. The ceremony will air on ABC and both James Franco and Anne Hathaway will host the show, which is a first for both actors. Nominations for the 83^rd Academy Awards were released on January 25, 2011, and if you want to know who’s in and who’s out, here’s a rundown of the major categories and their nominees: Best Picture 127 Hours Black Swan The Fighter Inception The Kids Are All Right The King's Speech The Social Network Toy Story 3 True Grit Winter's Bone Best Director Darren Aronofsky – Black Swan Ethan Coen and Joel Coen – True Grit David Fincher – The Social Network Tom Hooper – The King's Speech David O. Russell – The Fighter Best Actor Javier Bardem – Biutiful Jeff Bridges – True Grit Jesse Eisenberg – The Social Network Colin Firth – The King's Speech James Franco – 127 Hours Best Actress Annette Bening – The Kids Are All Right Nicole Kidman – Rabbit Hole Jennifer Lawrence – Winter's Bone Natalie Portman – Black Swan Michelle Williams – Blue Valentine Best Supporting Actor Christian Bale – The Fighter John Hawkes – Winter's Bone Jeremy Renner – The Town Mark Ruffalo – The Kids Are All Right Geoffrey Rush – The King's Speech Best Supporting Actress Amy Adams – The Fighter Helena Bonham Carter – The King's Speech Melissa Leo – The Fighter Hailee Steinfeld – True Grit Jacki Weaver – Animal Kingdom Topping the list with the most number of nominations is The King’s Speech, receiving 12, but it is followed by True Grit, which received 10 nominations. Both Inception and The Social Network received eight nominations each. How many of the “Best Picture” film nominees have you seen? Is there a film, director, actor or actress you feel may have been left out of this year’s list?