In a boy-meets-girl story that is brilliantly shot and masterfully edited, "Slumdog Millionaire" is Bollywood meets Dickensian tragedy with a mega-happy ending tacked onto the end.
That said, I expect it to win Best Picture at this evening's Oscars, and deservedly so.
PS (2-23-09): Last night's Oscar ceremony pretty much came down as expected concerning who got which awards, with "Slumdog" scoring a total of eight. Hugh Jackman also made for a charming, versatile host on a pleasant evening which clipped by as quickly as could be expected.
I suppose my only moments of befuddlement came during the acting award presentations when five of the nominees' peers came out as a group to individually lavish praise (often to absurd levels, as if doling out sainthood or the Nobel prize for a revolutionary cancer cure) on their performances.