Oscars start around bedtime, so we won't be going anywhere to watch. Here are my predictions, and Dr.Bloom's:
A: Sean Penn
Dr.B: Mickey Rourke
Both: Emotional favorite Heath Ledger
BothL Surprising ourselves, Kate Winslet
A: Penelope Cruz
Dr.B: Marisa Tomei
Both: Wall-E all the way
Benjamin Button for Both
Both: Slumdog Millionaire
Both: Slumdog (unless there's a Slumdog Backlash.)
Sound and Sound Editing should both go to Wall-E (they won't -- they'll go to the Dark Knight). Screenplay should go to Wall-E (that'll go to Milk or Frozen River). Adapted Screenplay will ride the Slumdog sweep, but I could see Doubt getting the recognition I hear it deserved.
Happy Hollywood Partying.