Note: I have not seen all of the movies released this past year...not even close. But from those I HAVE seen, I've given out some awards.
Picture of the Year
1. Lord of the Rings: Return of the King
the final and arguably best installment of what will go down as the greatest film trilogy of all time. ultimate specticle of visuals and sound, acting and storytelling. a true epic for the ages.
2. Lost in Translation
so creative, and masterfully pieced together. a simple story of two fairly simple people made into one of the most enjoyable films I've seen in years. unparalelled acting and excellent direction
3. NARC
independant film, co-produced by Tom Cruise. the story of a narcotics officer re-investigating a 6+ month old murder case. Jason Patric teams up with Ray Liotta to display a true-to-life, gritty, and interesting view of the life of narcotics
Honorable mention: Seabiscuit
Best Actor, leading role
TIE:
Bill Murray,
Lost in Translation/
Johnny Depp,
Pirates of the Caribbean: the Curse of the Black Pearl
Tough choice here. Murray is terribly convincing in his role as a washed-up middle aged actor who finds himself in Tokyo doing a whisky advertisement. You can see the subtle transition of his character throughout the film, and become somewhat emotionally attached.
Johnny Depp threw it all on the line and created the role of a pirate who is simply undescribable. Witty, but clueless...intelligent, but clumsy. And definately humorous. He manages to pull it all together, takes a stranglehold of the movie and somehow makes it all work.
Best Actress, leading role
Naomi Watts,
21 grams
A painfully ambitious role of an emotionally destroyed woman who has lost her family. Watts seemed to own every line she had, every move she made. Superb performance...simply superb.
Best Actor, supporting role
Cris Cooper,
Seabiscuit
Robbed of an Oscar nomination IMO, Cooper plays an elderly horse-lover who is asked to train a troubled racehorse to win against all odds. His character is quiet, but passionate and dedicated. 100% convincing, you'd think you were watching a documentary.
Best Actress, supporting role
Scarlett Johansson,
Lost in Translation
Such a loveable character. Recently married but terribly lonely and confused, she wanders around Tokyo to search for appreciation of culture, and comfort in others. Surprisingly stunning chemistry between her character and Murray's.
Anyone-would-like-it Movie of the Year
Finding Nemo
A clownfish in search of his lost son. 
*doubletakes* A clownfish in search of his lost son? 
Finding Nemo takes the most basic of premises and throws together a fun aquatic adventure full of character, eye-candy, humor and charm. Best family film in YEARS.
And there you have it, folks. *Adios*