The Conversation: Any Surprises with this Year's Oscar Nominations?

And the nominees are... Oscar nominations were announced today and with it comes the age-old tradition of guessing who's hot and who's not in the world of cinema. Is "Avatar" the obvious favorite to win Best Picture? Or will "The Hurt Locker" come through as the underdog?

In today's Conversation, Diane Sawyer chats with comedians John Aboud and Michael Colton, who give a funny take on what this year's nominations mean. Was "The Blind Side" really Sandra Bullock's best performance this year? Why do so many Best Picture nods have the words "up" in them? Will Oscar night begin a romance of two Best Picture nominees? All that and more in today's conversation.