I think the best picture of the year so far is Two Towers, but I doubt it will win, even though it has gotten some rave reviews from some of the most respected magazines. I guess since its three installments its hard to make it win because by itself, none of the LOTR movies are a whole picture by itself. And all hints point that Return of the King will be even better so it would be dumb to give the award to Two Towers when the last one will be better.
But who knows, Oscars like to suprise people.
Then Gangs of New York is a good candidate IMO. It was a solid flick. Catch me if you can is also a good contender (damn I'm becoming some Leo Decaprio studmuffin?) I dont know about that Chicago musical, and I have yet to see About Schmidt.