Peek behind the Moviefone HQ curtain: your trusty editors were just discussing what 2011 film will emerge as the Best Picture frontrunner moments ago! Will it be the George Clooney-led family drama 'The Descendants'? Perhaps 'The Artist,' with backing from Harvey Weinstein? Maybe presumed Oscar-bait 'War Horse' from director Steven Spielberg? Or could it be 'Extremely Loud and Incredibly Close,' director Stephen Daldry's adaptation of the best-selling book by Jonathan Safran Foer? Until these films screen the answer will remain elusive but one thing is clear: based on its just-released trailer, 'Extremely Loud and Incredibly Close,' is poised to make a huge Oscar run. Harvey, George, Steven: you've got company.

Tom Hanks and Sandra Bullock star as parents to a precocious 11-year-old boy named Oskar Schell (newcomer Thomas Horn, a former 'Teen Jeopardy!' winner), who has his world shattered when his father dies at the World Trade Center on 9/11. In the aftermath, Oskar finds a key that his father left behind and goes on a journey to search for the lock it calls home. If that sounds like the plot to 'Hugo,' it kinda is -- except instead of 30 Seconds to Mars, the trailer for 'Extremely Loud and Incredibly Close' uses U2's "Where the Streets Have No Name" to great effect.

As Oscar obsessives likely know, Stephen Daldry has directed three films, and all three have earned him a Best Director nomination. Does 'Extremely Loud and Incredibly Close' have enough juice to give him a first win? You'll find out when it arrives in theaters on Christmas.

Watch the trailer in HD over at Apple.