Joel Siegel's Oscar Predictions

Hollywood waits with bated breath for today's Oscar nominations — and this year, the suspense is especially thick.

Most years, the front-runners are established by now. But there's no one single standout film, no Titanic to tower over the nominations. It literally could be anyone's race.

Sure, Russell Crowe is a good bet to get Best Actor nods for A Beautiful Mind, and Moulin Rouge could very likely become the first musical in more than two decades to be nominated for Best Picture.

But until the magic envelops open (at 8:38 a.m. Eastern Time), it's anybody's guess.

Until then, here are Good Morning America's Joel Siegel picks for the top awards.

Joel's Oscar Picks

BEST PICTURE In The Bedroom Moulin Rouge A Beautiful Mind Black Hawk Down The Lord of the Rings: The Fellowship of the Ring

BEST ACTOR Russell Crowe, A Beautiful Mind Gene Hackman. The Royal Tenenbaums Denzel Washington, Training Day Sean Penn, I Am Sam Tom Wilkinson, In the Bedroom

BEST ACTRESS Halle Berry, Monster's Ball Nicole Kidman, Moulin Rouge Sissy Spacek, In the Bedroom Judi Dench, Iris Renee Zellweger, Bridget Jones's Diary

BEST SUPPORTING ACTOR Ben Kingsley, Sexy Beast Jim Broadbent, Iris Ian McKellen, The Lord of the Rings: The Fellowship of the Ring Jon Voight, Ali Steve Buscemi, Ghost World

BEST SUPPORTING ACTRESS Jennifer Connelly, A Beautiful Mind Cate Blanchett, Bandits Dakota Fanning, I Am Sam Helen Mirren, Gosford Park Marisa Tomei, In the Bedroom

BEST DIRECTOR Ron Howard, A Beautiful Mind Baz Luhrmann, Moulin Rouge Robert Altman, Gosford Park Peter Jackson, The Lord of the Rings: The Fellowship of the Ring Ridley Scott, Black Hawk Down