WGA

SINCE The King's Speech wasn't even nominated for a writer's guild award, the prize of Best Original Screenplay went to Christopher Nolan for Inception!!!
Can I say, BOMB!  The dream within a dream (...within a dream...) thriller has not won very many awards (actually NO major awards thus far), so to see it capitalize on this opportunity is excellent.  The adaptation award was, as predicted, The Social Network, continuing Aaron Sorkin's uninterrupted reign over the award season.
Inception's win will hopefully be received as a smack in the face to all the other guilds backing The King's Speech (which begs the question, if nominated would it win?) in order to lash back at the critics overwhelming love for The Social Network to propel the Best Picture Oscar race.  Also, even though we're all suckers for a big race, and the Academy being so paranoid of viewers losing interest, WANT a Best Picture "race" more than anything, I consider last year's awards a success (at least in the underlying sense of the actual awards and not necessarily the ceremony).  Avatar vs The Hurt Locker was one of the most exciting races, resulting in a mess of common discussion, and also a historical victory for Katherine Bigelow.
The big picture vs. the small picture could not have been recreated in the same way this year, but by adding Inception to the mix, (which it still is not thanks to the directors snubbing Nolan in Best Director again), you can again bring up an argument similar to last year, what makes a Best Picture?  If The Social Network has any steam left, which it probably doesn't, the argument will be a historical picture that defined one generation vs The King's Speech, a more entertaining film that may be viewed for many more years.  Throe Inception into the mix and you have the big budget Hollywood blockbuster that clearly entertained the most people.
What to make of all this?  Is there actually a film that can surprise us all and come up with the top prize.  Roger Ebert says True Grit, some bold people pick The FIghtter (emulating Rocky's victory in 1977).
Oscar is on the roster, first we have to get through the Grammys, but the end to the big question is drawing near.