The staff at the Weinstein Company is in crisis mode today after the MPAA bestowed a dreaded NC-17 rating on its upcoming domestic drama Blue Valentine, starring Ryan Gosling and Michelle Wiliams. I won’t even get into how ludicrous this decision is on the part of the MPAA. I’ve seen far more sexually explicit films get away with an R rating. As a huge fan of the film, I’m most worried about what today’s news means for its Oscar chances. The film might be too bleak to score a Best Picture nod (though if I had a ballot, it would be at the top), but I would have considered Gosling and Williams strong lead-acting contenders. But NC-17 movies simply don’t get Oscar nominations. (Unless you count a cinematography nod for Henry and June.) Ang Lee learned that the hard way with Lust, Caution. I would imagine the Weinstein Co. is considering making a few trims to the film to get an R, but it kills me to think that the version I saw (and can’t stop thinking about) in Cannes might not reach theaters. The movie isn’t scheduled for release until Dec. 31; here’s hoping they figure something out before then.