Oscar nominations were announced yesterday and with them, the first official photo of hosts Anne Hathaway and first-time Oscar nominee James Franco (we hope he wins!).

Rumor has it the Love And Other Drugs star has a Black Swan spoof planned while Franco may get his arm cut off, à la 127 Hours. Oscar's head writer Bruce Vilanch said he may shake things up and cast Franco as the Black Swan and "she'll cut her arm off."

Sounds messy!

The Oscars air February 27, and we're anxious to see how Hathaway and Franco do as hosts, and even more anxious to see if The Social Network wins best picture!