Right now I'm on the red carpet outside the Kodak Theater, where the Oscars will be held on Sunday night.
We're set up on the red carpet, which is actually on Hollywood Blvd. And with the threat of rain, the red carpet is covered in white plastic and the giant gold statuettes are covered in giant clear plastic bags.
While cameras and bleachers are getting set up here, millions of Americans are getting ready for the big event by putting in their bets at corporate office pools. Make your bets in our poll below! Who do you think should win?
Need some help deciding? Here's my take on the lead contenders:
Sony's "The Social Network" was considered a shoe-in for Best Picture, until mid-December when "King's Speech" from "The Weinstein Co" started gaining steam, snapping up other awards, like the BAFTA awards in London.
Best Actress is expected to go to Natalie Portman for her role in Fox's"Black Swan."
Her win at the Golden Globessets her up nicely to snag the honor on Sunday.
But the Dark Horse candidate is Annette Benning in "The Kids are Alright" from Universal's Focus Features.
The best actor nod is expected to go to Colin Firth for "King's Speech."
Like Portman he won the top honor at the Globes (and gave quite a charming speech).
The surprise candidate here is Social Network's Jesse Eisenberg, for his portrayal of Mark Zuckerberg.
Who do you think should win?
To vote for "Best Actor" click here.
To vote for "Best Actress" click here.
Questions? Comments? MediaMoney@cnbc.com