This film has not yet been nominated for anything, but I did go see it today and that's during "awards season". So I shall blog about it and we'll see if it get a nomination in the future.
Sofia Coppola calls this film her tone poem for Los Angeles. She was inspired by stories of the bad boy actors living at Chateau Marmont and the film Paper Moon starring real-life father & daughter Ryan & Tatum O'Neal.
I did like it better than Lost in Translation, but even less happens in this film than in that one. It's very European in its style and pacing.
I remarked to my friends that I would have enjoyed it more had it ended in a fiery car or helicopter crash. The story didn't really end so much as stop. And in a film that's not intended for sequels, that really bugs me.
So you might want to wait to see this one on DVD. Unless you are a huge Sofia Coppola fan.