Taking place on 28 February at Vicar St, Dublin, the same venue as last year's inaugral ceremony, the night will see performances from Director, The Divine Comedy, The Immediate, Republic Of Loose, Si Schroeder, David Kitt, Messiah J & The Expert and Duke Special.
Mr Special has rescheduled his biggest headlining performance at Belfast's Ulster Hall to be present at the event, which will culminate in the announcement of who's won the €10,000 prize and the envy of all their contemporaries.
The nominees, and their respective Paddy Power odds as of 24/1/07, are as follows:
Director: We Thrive On Big Cities (Atlantic) - 9/1
The Divine Comedy: Victory For The Comic Muse (Parlophone) - 20/1
Duke Special: Songs From The Deep Forest (V2) - 8/1
The Immediate: In Towers & Clouds (Fantastic Plastic) - 3/1
David Kitt: Not Fade Away (Dublin Records) - 16/1
Messiah J & The Expert: Now This I Have To Hear (Inaudible) - 25/1
Fionn Regan: The End Of History (Heffa) (no odds currently available)
Republic Of Loose: Aaagh! - 20/1 (Loaded Dice)
Si Schroeder: Coping Mechanisms (Trust Me I'm A Thief) - 3/1
Snow Patrol: Eyes Open (Polydor) - 3/1