Quick before they start:

Best Supporting Actress
Will win: Cate Blanchett, The Aviator
Should win: Natalie Portman, Closer
Should have been nominated: Cate Blanchett, Life Aquatic

Best Supporting Actor
Will win: Morgan Freeman, Million Dollar Baby
Should win: Clive Owen, Closer
Should have been nominated:

Best Actress
Will win: Hilary Swank, Million Dollar Baby
Should win: Hilary Swank, Million Dollar Baby
Should have been nominated: Julie Delpy, Before Sunset

Best Actor
Will win: Jamie Foxx, Ray
Should win: Clint Eastwood, Million Dollar Baby
Should have been nominated: PAUL GIAMATTI, Sideways (DUH!)

Best Original Screenplay
Will win: John Logan, The Aviator
Should win: Charlie Kaufmann, Eternal Sunshine
Should have been nominated: Quentin Tarantino, Kill Bill 2

Best Adapted Screenplay
Will win: Alexander Payne & xxx, Sideways
Should win: Richard Linklater et al, Before Sunset
Should have been nominated:

Best Director
Will win: Martin Scorsese, The Aviator
Should win: Martin Scorsese, The Aviator
Should have been nominated: Michel Gondry, Eternal Sunshine

Best Picture
Will win: The Aviator
Should win: Sideways
Should have been nominated: Before Sunset