This may be the biggest year for the Academy Awards, as some major Hollywood players are going up against some fresh newcomers. Eyeballs everywhere will be glued to ABC on Sunday, February 27th at 8PM E/5PM P when the awards show goes live. But before that, we decided to do some picking of our own with the staff’s predictions for each award.

For a full list of the nominees, check out our previous article on the subject. Now, on to the predictions.

Best Picture

Shannon Hood-The Social Network. It had early and consistent momentum all year, and the Academy appears to be trying to shake up their stodgy image. This would be the perfect film to put their money where their mouth is.

Matt Raub – True Grit. Not only are the Coens a regular in the “I Have an Oscar” club, but this testament to classic western films is definitely one for record books, between its all-star cast and gritty (no pun intended) visual style, this one definitely deserves the golden statue.

Chris Ullrich – True Grit. Even though this was a pretty great year for movies and there are many excellent choices in this category, True Grit stands on its own as my pick. As an example of pure movie storytelling, this Coen Brothers masterpiece excels on every level and delivers a pure entertainment experience you will want to revisit many more times in the future.

Cortney Zamm – The Social Network. There’s a lot of great films in this category, some of them from my favorite directors and starring my favorite people. But the one that combined all of the essential elements of filmmaking into a truly gorgeous, compelling, and memorable film was The Social Network.

Every once in a while, you connect so deeply with a movie that it shakes you to your core. Thus was the case with Barney’s Version, a remarkable story about an unremarkable man. This movie made me do two things I have not done since I began reviewing films. About ten minutes into the film, I could tell it was something special, and I put down my notebook (which I’ve never done) because I did not want anything to interfere with the story unfolding before me. I just wanted to drink it in from beginning to end.

After I saw the movie, I sat in my car, and cried. Like big, huge, racking sobs that would not stop.  It was a full fifteen minutes before I was composed enough to drive home from the theater. The last time I had this kind of reaction to a movie was after I saw the traumatizing documentary Dear Zachary.  I cried for about three weeks after that.

But this is what movies are all about-how wonderful to find this hidden treasure that made me laugh, cry, and feel so deeply for the characters. I was emotionally devastated by this wonderfully quirky and unconventional love story.

Despite some tepid reviews, Green Hornet ran away with the top spot this weekend.  The Seth Rogan comedy/action hybrid made about $34 M, which is good enough to be the third highest January opening ever. About 69% of the film’s take was from 3D screens. It was a pricey film to make ($110 M), so it will need to build on its opening weekend momentum.

Vince Vaughn’s latest film The Dilemma made about $17 M, placing it solidly in second place. True Grit only dropped 23%, and made an additional $11 M.  This $38 M film just passed the $125 M mark.  Kind of reaffirms your faith in movie audiences, doesn’t it?

If that tidbit of intel warms your heart, then wait for the next news: we had a trifecta of terrific movies occupying the top five this week.  In addition to True Grit, The Kings Speech and Black Swan had great weekends.

The King’s Speech actually surged 41% in its eighth week in release for a cool $9 M. It is still playing on less than 1600 screens, so those are some impressive numbers. Very quietly, the film has made $44 M to date.

Black Swan has also done remarkably well. Made on a shoestring budget of $13 M, Natalie Portman’s star vehicle now totals almost $73 M in box office receipts, without a 3D screen in sight. Gwyneth Paltrow has not been as lucky. Her movie Country Strong fell completely out of the top ten this week, coming in at number twelve. In four weeks, the movie has only made $13 M.

Barney’s Version opened on only four screens, but it managed to make $17,925 per/screen.

The AFI Fest 2010 (presented by Audi) has just announced its gala screenings, and a tribute to The King’s Men director and cast. The centerpiece galas will include the following films.

Abel directed by Diego Luna.  Synopsis: A strange, alluring fable of a disturbed child attempting to become his own father. Cast includes Christopher Ruíz-Esparza, José María Yazpik, Karina Gidi, Carlos Aragón, Gerardo Ruíz-Esparza, and Geraldine Alejandra.

Barney’s Version directed by Richard J. Lewis. Synopsis: A wise and witty tale of a seemingly ordinary man who lives an extraordinary life. Cast includes Dustin Hoffman, Paul Giamatti, Rosamund Pike, Minnie Driver, Rachelle Lefevre, and Scott Speedman.

Blue Valentine directed by Derek Cianfrance. Synopsis: Flooded with romantic memories of their courtship, Dean and Cindy use one night to try and save their failing marriage. Cast includes Ryan Gosling and Michelle Williams.

Casino Jack directed by George Hickenlooper. Synopsis: Notorious lobbyist Jack Abramoff finds himself in bed with mafia assassins in this fact-inspired film. Cast includes Kevin Spacey, Barry Pepper, Kelly Preston, Rachelle Lafevre, Jon Lovitz.

The Company Men directed by John Wells. Synopsis: Bobby Walker is living the American dream when corporate downsizing forces him and two co-workers to re-define their lives. Cast includes Ben Affleck, Chris Cooper, Kevin Costner, Tommy Lee Jones, Maria Bello, and Rosemary DeWitt.

A special ensemble tribute to The King’s Speech will also serve as a gala screening. Director Tom Hooper and actors Colin Firth and Geoffrey Rush will be in attendance.

With Twilight fans all over the world scratching their heads over the decision to release Rachelle Lefevre from her Twilight commitment, it looks like the real reason why the actress was let go is finally coming to light. Additional reporting from Variety has revealed that Summit Entertainment made the decision to recast the role of Victoria after Lefevre disclosed her commitment to Barney’s Version, an adaptation of a novel by Canadian author Mordecai Richler starring Paul Giamatti and Dustin Hoffman on July 20.

The Twilight actress released a statement shortly after news broke of Howard’s casting, stating her dismay, but ultimate support of the franchise.

“I was stunned by Summit’s decision to recast the role of Victoria for Eclipse. I was fully committed to the Twilight saga, and to the portrayal of Victoria. I turned down several other film opportunities and, in accordance with my contractual rights, accepted only roles that would involve very short shooting schedules.

“My commitment to Barney’s Version is only 10 days. Although the production schedule for Eclipse is over three months long, Summit said they had a conflict during those 10 days and would not accommodate me. Given the length of filming for Eclipse, never did I fathom I would lose the role over a 10-day overlap. I was happy with my contract with Summit and was fully prepared to continue to honor it. Summit chose simply to recast the part.