Variety has a nice article breaking down all the Best Picture nominees chances this year. Here are some excerpts from the piece:

Atonement: Having just won the top dramatic prize at the Golden Globes and leading BAFTA noms, “Atonement” has momentum going into Oscar night.

Juno: A surprise nom for director Jason Reitman could only mean this pic continues to garner plenty of steam.

Michael Clayton: Writer-turned-director Tony Gilroy has a lot of fans in Hollywood, helping to earn his complicated corporate thriller “Michael Clayton” seven Oscar noms.

No Country For Old Men: The Academy choose “The English Patient” over “Fargo” back in 1997, and a case could be made that the Coen brothers should be given their due for what some consider an oversight. The eight noms (tied for most with “There Will Be Blood”) is a clear indicator that the movie is making its mark with voters.

There Will Be Blood: For all the tentpoles and cookie-cutter pics that aim for nothing more than a huge opening-weekend gross, “Blood” succeeds in dare-to-be-great ambitions.

Also, here’s a cool video of all the Best Picture nominees for the 2008 Oscars. The video cuts all of the movies together and condenses it into trailer form.