I wouldn't be surprised if a Hollywood sign is spotted floating down one of Venice's many canals, as one third of the Italian fest's lineup "is probably going to be American," so says fest chief Marco Muller. What's being touted as one of the "strongest editions ever," this year's Venice Film Festival will most likely host the world premieres for films like Robert Zemeckis' 3-D Beowulf, Todd Haynes' Bob Dylan biopic I'm Not There (remember, that's the one that has six different actors and actresses playing the legendary performer), Ang Lee's Lust, Caution and one of my most anticipated flicks of 2007, Paul Thomas Anderson's There Will Be Blood. The full 60-pic lineup will be announced on July 26, with the actual fest taking place from August 29 through September 8.

Essentially his most ambitious film to date, There Will Be Blood marks PTA's triumphant return to the big screen following his 2002 love-it-or-hate-it romantic dramedy Punch Drunk Love. Pic, which stars Daniel Day-Lewis, is a turn-of-the-century drama that revolves around a Texan family during the early days of the oil business. Not only is it Anderson's first film based on existing material (in this case it's an Upton Sinclair novel), but it's also the first that doesn't feature his usual cast of regulars (most notably Luis Guzmán and Philip Seymour Hoffman). As it stands right now, both There Will Be Blood and the Coen Bros.' No Country for Old Men are set to hit theaters on November 21, with the former arriving in limited release. Could they make it any more difficult for me to choose which one to see first? For more info on the Venice Film Festival, be sure to hit up their official website.