Actress

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