The 2010 Academy Awards nominations were announced yesterday morning, and this video shows Anne Hathaway and Tom Sherak revealing the actors, movies, and directors in with a shout of winning an Oscar this year.

Avatar and The Hurt Locker are the two big nominees this time around. But whether Avatar can come close to achieving what James Cameron’s first smash hit, Titanic, did in 1997 remains to be seen.

Christoph Waltz and Kathryn Bigelow are absolute shoe-ins for ‘Supporting Actor’ and ‘Best Director’, with Jeff Bridges and Sandra Bullock favorites to win ‘Best Actor’ and ‘Best Actress’ respectively.

The actual Academy Awards ceremony will be held on March 7, giving us all plenty of time to decide who we’re backing on the night. Expect tears of both happiness and misery on the night.