The annual Academy Awards (more popularly known as the Oscars) are quickly approaching and 2009 promises to deliver the golden awards to some of the most deserving films of our time.

The 81st annual awards show kicks off live on February 22nd 2009 and the Oscar nominees are being announced today at 530 am PT.

So who will receive nods for some of the most prestigious awards in the entertainment industry?

If we had to bet our fall wardrobe on which film will win best picture, we’d be willing to risk our best pair of Jimmy Choos and our favourite Gucci handbag on Slumdog Millionaire.

We’d also like to see Kate Winslet take home gold for best actress and wouldn’t mind seeing Leonardo DiCaprio take home the award for best actor (although we're pretty sure it's going to go to Heath Ledger for his role in The Dark Night).

The nominees will be announced very shortly, so check back with us to see the full list of nominees as soon as they're announced!

Who would you like to see win an award this year?

For more information on all things Oscars go to Daymix.com.

Update: And here are the nominees:

Best Picture: "Frost/Nixon," "The Curious Case of Benjamin Button," "Milk," "Slumdog Millionaire" and "The Reader."

Best Actor: Sean Penn ("Milk"), Frank Langella ("Frost/Nixon"), Mickey Rourke ("The Wrestler"), Richard Jenkins ("The Visitor") and Brad Pitt ("The Curious Case of Benjamin Button").

Best Actress: Kate Winslet ("The Reader"), Anne Hathaway ("Rachel Getting Married"), Meryl Streep ("Doubt"), Angelina Jolie ("Changeling") and Melissa Leo ("Frozen River").

Best Supporting Actor: Heath Ledger ("The Dark Knight"), Josh Brolin ("Milk"), Michael Shannon ("Revolutionary Road"), Robert Downey Jr. ("Tropic Thunder") and Philip Seymour Hoffman ("Doubt").

Best Supporting Actress: Penelope Cruz ("Vicky Cristina Barcelona"), Amy Adams ("Doubt"), Viola Davis ("Doubt"), Taraji P. Henson ("The Curious Case of Benjamin Button") and Marisa Tomei ("The Wrestler").

Best Director: David Fincher ("The Curious Case of Benjamin Button"), Danny Boyle ("Slumdog Millionaire"), Gus Van Sant ("Milk"), Ron Howard ("Frost/Nixon") and Stephen Daldry ("The Reader").

Best Animated Feature:  "WALL-E," "Kung Fu Panda" and "Bolt."

Best Original Screenplay:  "In Bruges," "WALL-E," "Frozen River," "Milk" and "Happy-Go-Lucky."

Best Adapted Screenplay:  "Slumdog Millionaire," "The Curious Case of Benjamin Button," "Frost/Nixon," "The Reader" and "Doubt."