Roger Deakins - THE ASSASSINATION OF JESSE JAMES BY THE COWARD ROBERT FORD
Seamus McGarvey - ATONEMENT
Janusz Kaminski - THE DIVING BELL AND THE BUTTERFLY
Roger Deakins - NO COUNTRY FOR OLD MEN
Robert Elswit - THERE WILL BE BLOOD
The cinematography in There Will Be Blood" was fantastic. The film looks more like an old Rockwell painting than a modern film, perfectly nailing the period piece aesthetic. This is a beautiful film all around, and the stunning shots throughout help make this film a modern classic.
UPDATE: There Will Be Blood won!
You are what you like.