The Oscar nominations were announced this morning, and not surprisingly, The King's Speech led the pack with 12 nominations, followed by Inception with 10, and The Social Network and True Grit with 8 each.

The nominations this year seemed to be favoring a younger crowd, with stars like Natalie Portman, Jesse Eisenberg and James Franco receiving nods for the best actor categories. And here they are...

Best Picture
Black Swan
The Fighter
The Kids Are All Right
The King's Speech
127 Hours
The Social Network
Toy Story 3
True Grit
Winter's Bone

Leading Actor
Jeff Bridges, True Grit
Javier Bardem, Biutiful
Jesse Eisenberg, The Social Network
Colin Firth, The King's Speech
James Franco, 127 Hours

Leading Actress
Natalie Portman, Black Swan
Michelle Williams, Blue Valentine
Annette Bening, The Kids Are All Right
Nicole Kidman, Rabbit Hole
Jennifer Lawrence, Winter's Bone

Supporting Actor
Mark Ruffalo, The Kids Are All Right
Christian Bale, The Fighter
Jeremy Renner, The Town
Geoffrey Rush, The King's Speech
John Hawkes, Winter's Bone

Supporting Actress
Amy Adams, The Fighter
Helena Bonham Carter, The King's Speech
Melissa Leo, The Fighter
Jacki Weaver, Animal Kingdom
Hailee Steinfeld, True Grit

Best Original Screenplay
Miek Leigh, Another Year
Scott Silver, Paul Tarnasy and Eric Johnson, The Fighter
Christopher Nolan, Inception
Lisa Cholodenko and Stuart Blumburg, The Kids Are All Right
David Siedler, The King's Speech

Best Adapted Screenplay
Danny Boyle and Simon Beaufoy, 127 hours
Aaron Sorkin, The Social Network
Michael Arndt, Toy Story 3
Joel and Ethan Coen, True Grit
Debra Granik and Anne Rosellini, Winter's Bone

Our prediction? The Social Network will sweep the awards, and we'd love love love Jeremy Renner to win for The Town, as past Oscar winner Ben Affleck's latest project didn't receive any other noms. Click after the jump to see the full list of nominees, and be sure to tune in to the Academy Awards on Sunday February 27, 2011, which will be hosted by Anne Hathaway and James Franco.