PCruz022511_01-full.jpgPenelope Cruz Santa Monica sunglasses

Penelope Cruz was spotted in Santa Monica on Friday, and the Oscar winning actress looks like she's more than ready to work it on the red carpet this Sunday at the Kodak Theater.

As you know, her hubby Javier Bardem is nominated for his role in Biutiful, and when he won the prize for Best Actor at Spain's Goya Awards earlier this month, he dedicated the award to Penelope and their newborn son. We're certain Penelope will get a shout out at this year's Academy Awards if Javier wins, but can he beat out Colin Firth for The King's Speech?