This year, the lovely folk at Special K are sponsoring our dedicated Oscar page, so expect to see a certain lady in red strewn across the its pages.
If the Golden Globes are anything to go by, those in the running for nods this year include Michelle Williams, Meryl Streep and Viola Davis for Best Actress; George Clooney, Jean Dujardin, Brad Pitt and *crosses fingers* and Michael Fassbender for Best Actor; War Horse, The Descendents, and The Artist for Best Film.
Ten of the 24 categories will have their nominations revealed by actress Jennifer Lawrence and Academy of Motion Picture Arts and Sciences President Tom Sherak at lunchtime today.
The ceremony itself, hosted by Billy Crystal after Eddie Murphy essentially announced he couldn't work with anyone other than Brett Ratner, takes place on Sunday February 26th at the Kodak Theatre in Hallywooooohd.
To get yourself in the mood for today's nomination announcement, why not look at last year's red carpet offerings from last year's ceremony - The Good, The Bad and The Booby.
We will be Tweeting about the nominations from approximately 1.15pm today (follow us @EntertainmentIE). Check back here and Mike's Movie News for the full list from approximately 1.30pm.