Oscar Nominations: 5 for Toy Story 3

Pixar's fantastic 2010 movie Toy Story 3 picked up five Oscar nominations today including Best Picture, Best Animated Feature Film, Music (Original Song), Sound Editing, and Adapted Screenplay.

Toy Story 3 is only the third animated movie to receive a nomination for Best Picture (the other two are Pixar's Up and Disney's Beauty and the Beast).

Does Toy Story 3 have a chance at winning Best Picture? It's up against films like The King's Speech, Inception, True Grit, and The Social Network.

Here's a picture I took of Pixar's awards display case when I visited the studio last year. Will Toy Story 3 add some more Oscars to the case?

Pixar's also up for Best Animated Short Film with Day & Night. See a complete list of nominees here.