No way Walk the Line deserved to be in the best picture category. Everything about it was stale and paint-by-numbers except for Reese Witherspoon, who completely acted Phoenix off the screen. She should easily win best actress.
My best actor would be Ledger, but I still need to see Capote, I hear it's incredible. Ang Lee for best director.
The show's renewal was announced after the first or second episode, so HBO is happy with the ratings and probably the critical acclaim the show has gotten. HBO apparently also announced it will be doing an adaptation of Neil Gaiman's American Gods book.