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2011 Academy Award nominations revealed!

The nominations for the 83rd Academy Awards were announced in L.A. this morning by Academy president Tom Sherak and Oscar-winner Mo'Nique.

The King's Speech dominated the field with 12 nominations, followed closely by True Grit (10 nods), The Social Network (8 nods) and Inception (8 nods). Many pundits consider this to be a two-horse race, between long-time favourite The King's Speech (which recently picked up the weighty Best Film prize from the PGA) and The Social Network (which has dominated the guild awards for much of the past two months).

Aussies Jacki Weaver, Nicole Kidman and Geoffrey Rush were all recognised in the acting categories, while Freo-born Shaun Tan's animated short The Lost Thing also scored a nomination. (UPDATE:Inside Film remind us that Aussies Ben Snow and Kirk Baxter also scored nominations, for Visual Effects on Iron Man 2 and Editing The Social Network respectively).