Way too early a prediction but I think the Odyssey is gonna blank at the ceremony but get nominations
I've been looking through the different categories, and I just don't think it's gonna be strong enough in any of them to win.
Picture obviously is dependent on other categories in the modern day. Director, I don't see happening because the academy doesn't seem to like Nolan that much, and he has no overdue narrative. Adapted screenplay feels unlikely to me because Nolan's screenplays usually suck, and almost every film that seems like it has a lot of potential (except Digger) is an adapted screenplay this year.
On acting, Damon might get nominated for Actor, but I feel like any claim he has to being overdue will get swept away by Cruise, who is both more overdue and, imo, a better actor. If Hathaway is going for Lead Actress, unless she's giving some like Anthony Hopkins level performance, she'll not even get nominated for having too little screentime. If she goes for supporting, she maybe has a chance (I'm not really up to date on who's gonna be in best supporting actress, but like Sandra Huller is having a good year). In supporting actor, I'm highly doubtful Tom Holland will even get nominated unless he's doing some insane top-level shit (which I have yet to see from him ever). Even then, he's going to probably lose to Jesse Plemons (with a sort of makeup nomination being imo certain). However, I admit if Pattison is getting a thank you for his work in indie cinema, it will probably be for this film, not Dune. Finally, while I think it will get an acting nomination (big cast, lots of talent), I feel that Digger is just gonna come in and take it.
With the technicals, I think if it's winning anything, it's gonna win either cinematography or editing, but even if the Dune 3 sweep doesn't happen (which I feel like there's a 30% chance of it happening), I feel it's got a better chance of getting both of these as makeup Oscars (also disclosure day has a good shot in cinematography cause spielberg is a god with a camera). Production, costume, and hair and makeup, I feel, once again are either going to Dune (especially with the late release creating immediate hype) or will be given to Narnia as the sort of fantasy pick over the Odyssey. While I'm sure the Odyssey will have a great usage of VFX, this is very definitely Dune's one to lose (both of the last films won this category for a reason).
That leaves just original score and song. Now I have no clue if this film is gonna have an original song by like Travis Scott in it (if it does, ignore everything I've said and bet the house on him or whatever song Charlie xcx inevitably writes for a film), but in the case that that doesn't happen, it probably won't have a song to put up. With score as well, I just don't see Goranson going back-to-back (I could be wrong), and I feel like Hans Zimmer or John Williams is gonna take the win.
So yeah, not saying I'm right (it's way too early to tell anything tbh) but this is sort of my no guts no glory play. It's gonna get like 11 nominations but lose every last one.