BEST ACTRESS
Deserves: Julianne Moore, Far From Heaven
Could: Nicole Kidman, The Hours
Glaring, overlooked nomination: Isabelle Huppert, The Piano Teacher

BEST SUPPORTING ACTOR
Deserves: Chris Cooper, Adaptation.
Could: Christopher Walken, Catch Me If You Can
Glaring overlooked nomination: Jude Law, Road to Perdition

BEST SUPPORTING ACTRESS
Deserves: Meryl Streep, Adaptation.
Could: Catherine Zeta-Jones, Chicago
Glaring overlooked nomination: Emily Mortimer, Lovely and Amazing

BEST DIRECTOR
Deserves: Martin Scorcese, Gangs of New York
Could: Rob Marshall, Chicago
Glaring overlooked nomination: Spike Jonze, Adaptation.

BEST PICTURE
Deserves: Gangs of New York
Could: Chicago
Glaring overlooked nomination: Adaptation.

BEST ADAPTED SCREENPLAY
Deserves: Charlie Kaufman, Adaptation.
Could: David Hare, The Hours
Glaring overlooked nomination: Fran Walsh, Peter Jackson, Philippa Boyens,
        Lord of the Rings: The Two Towers

BEST ORIGINAL SCREENPLAY
Deserves: Todd Haynes, Far From Heaven
Could: Nia Vardalos, My Big Fat Greek Wedding
Glaring overlooked nomination: Paul Thomas Anderson, Punch-Drunk Love

BEST DOCUMENTARY FEATURE
Deserves: Michael Moore, Bowling For Columbine
Could: Michael Moore, Bowling For Columbine
Glaring overlooked nomination: George Ratliff, Hell House

BEST ANIMATED FEATURE
Deserves: Hayao Miyazaki, Spirited Away
Could: Chris Wedge, Ice Age
Glaring overlooked nomination: Rintaro, Metropolis

BEST CINEMATOGRAPHY
Deserves: Michael Ballhaus, Gangs of New York
Could: Conrad L. Hall, Road to Perdition
Glaring overlooked nomination: Andrew Lesnie, Lord of the Rings: The Two Towers

BEST ART DIRECTION
Deserves: Dante Ferretti, Francesca Lo Schiavo, Gangs of New York
Could: John Myhre, Gord Sim, Chicago
Glaring overlooked nomination: Far From Heaven

BEST FILM EDITING
Deserves: John Gilbert,  Lord of the Rings: The Two Towers
Could: Martin Walsh, Chicago
Glaring overlooked nomination: Punch-Drunk Love

BEST ORIGINAL SCORE
Deserves: Philip Glass, The Hours
Could: John Williams, Catch Me If You Can
Glaring overlooked nomination: Howard Shore, Lord of the Rings: The Two Towers

BEST ORIGINAL SONG
Deserves: Eminem, 8 Mile ("Lose Yourself")
Could: U2, Gangs of New York ("The Hands that Built America")
Glaring overlooked nomination: Tom Waits, Big Bad Love ("Long Way Home")

BEST SOUND
Deserves: Lord of the Rings: The Two Towers
Could: Chicago
Glaring overlooked nomination: Signs

BEST SOUND EDITING
Deserves: Lord of the Rings: The Two Towers
Could: Lord of the Rings: The Two Towers
Glaring overlooked nomination: Signs

BEST VISUAL EFFECTS
Deserves: (tie) Lord of the Rings: The Two Towers (Gollum);
                      Star Wars Episode II: Attack of the Clones(for quality and quantity)
Could: Lord of the Rings: The Two Towers
Glaring overlooked nomination: The Lady and the Duke (don't argue - it's a visual effect, folks).

BEST COSTUME DESIGN
Deserves: Sandy Powell, Gangs of New York
Could: Colleen Atwood, Chicago
Glaring overlooked nomination: The Blue Suit in Punch-Drunk Love - or, duh, Far From Heaven

BEST MAKEUP
Deserves: [insert random, overlooked write-in here]
Could: Frida
Glaring overlooked nomination(s): Lord of the Rings: The Two Towers