The red carpet is rolled, hundreds of statues have been painted gold and Hollywood celebrities haven't eaten in weeks. It can only mean one thing … it's time for the 80th Annual Academy Awards.

That's right, this Sunday night the show will actually go on. It's going to be an evening of glamour, awards, fabulous acceptance speeches and unexpected upsets. Or will it?

After months of carefully reviewing and studying all the nominees, Richmond.com's movie reviewers - Josh Katz and Casey Menninger - offer their winning picks and predictions.

Will they be right? We'll just have to wait until Sunday night to find out.

Best Picture
The nominees: "Atonement;" "Juno;" "Michael Clayton;" "No Country for Old Men;" "There Will Be Blood."

Josh
Who Should Win: "There Will Be Blood" and "No Country for Old Men" are both brilliant flicks and I'd be happy if either one took the award. I think even with its violence and bleak ending, "No Country" has a better shot just because "There Will Be Blood" can be so relentlessly off-putting and strange for some viewers (of which I include myself. Hated it on a first viewing, found it a masterpiece on a second).

Who Will Win: "No Country" has got a good shot — critical response has been rapturous, and it's one of those movies that gets deeper and richer with each viewing. But I fear a "Juno" upset; voters may want to honor the sweet and popular nominee, especially after giving last year's Best Picture award to the bloody "The Departed." Still, I'm going with "No Country," but don't be surprised if "Juno" takes it in the end.

Casey
Who Should Win: The art of predicting Best Picture has been a tough call all season long. There are a lot of good choices, but no real frontrunner, meaning the stage is set for some serious damage from one of the underdogs.

Who Will Win: I suspect it is going to be a "No Country for Old Men" night, but I am still holding out hope that the WWII-themed "Atonement" has a last-minute surge and pulls off a "Shakespeare in Love"-esque upset at the end of the night. It is the Hillary Clinton of the candidates: the presumed Best Picture champ that sprinted out of the gate months ahead of the rest and then stumbled in the home stretch. It has the Best Picture stamp of importance and an unforgettable ending, but more than that, it is a brilliant and haunting meditation on guilt, class distinction and moral conscience that is tough to forget.

Best Actor
The nominees: George Clooney, "Michael Clayton;" Daniel Day-Lewis, "There Will Be Blood;" Johnny Depp, "Sweeney Todd The Demon Barber of Fleet Street;" Tommy Lee Jones, "In the Valley of Elah;" Viggo Mortensen, "Eastern Promises."

Josh 
Who Should Win: Daniel Day-Lewis, "There Will Be Blood." His Daniel Plainview is the great performance of the year. No other performer in any category comes close to achieving what Day-Lewis does in this flick.

Who Will Win: Daniel Day-Lewis. Again, no contest. Even people who don't like the flick acknowledge that Day-Lewis gives the greatest performance of his career, which is saying something when you’re generally regarded as the greatest living actor.

Casey
Who Should Win: Daniel Day-Lewis, "There Will Be Blood." There isn't another actor who can touch him. In a performance that combines fierce intelligence and commitment to his craft, he created one of the most indelible anti-heroes of our time. If his tour-de-force performance didn't seal the deal (and there is a small contingent of detractors), his gracious and intelligent acceptance speeches throughout the season didn't hurt.

Who Will Win: Daniel Day-Lewis. In all due respect, the four other nominees shouldn't bother preparing a speech. Just stand and applaud as Day-Lewis is called to the stage to accept his second Oscar. It is, after all, an honor to be nominated.

Best Actress
The nominees: Cate Blanchett, "Elizabeth: The Golden Age;" Julie Christie, "Away from Her;"
Marion Cotillard, "La Vie en Rose;" Laura Linney, "The Savages;" Ellen Page, "Juno."
 
Josh
Who Should Win: Marion Cotillard from "La Vie en Rose." Yes, it is another musical biopic performance (cue yawning). It’s also one of the greatest performances I’ve ever seen. Cotillard’s utter possession of singer Edith Piaf is a sight to see.

Who Will Win: Everyone loves Ellen Page in "Juno," but she's only 20 years old -- she's got ample opportunities to be brilliant again in the future. I'm going with Julie Christie in "Away From Her"; her performance is terrific, and Academy voters can tell themselves an award to Christie here counts as one for her whole career.

Casey
Who Should Win: The smart consensus is on Julie Christie, but I'm not sold. In "Juno," Ellen Page brought to life a sign-of-the-times character that grabbed a hold of popular culture and much of the credit is due to her relatable performance. It is the perfect marriage of an actor and a character. In her hands, she turned the smart-mouthed Juno McGuff into a female Holden Caulfield for the postmodern era and could become her generation's Jodie Foster in the process.

Who Will Win: Julie Christie for "Away From Her." There hasn't been a true upset in this race since I-can't-remember, so the odds aren't on Page's side, but hers is the one performance in this lineup that people are still going to remember in a decade.