Condé Nast’s handsome new Vanity Fair Hollywood application gets a good head start. The application lets iPhone/iPod Touch owners vote on their favorites among the nominees, track the overall voting totals and even watch who among them was most accurate in their predictions during the awards themselves.

Vanity Fair Hollywood has a strong social media component. By using Facebook Connect, the app will broadcast your picks to friends on the social network and even monitor how friends are voting if they too have the app. A group-maker function will create a custom group of voters who can compare favorites and recruit more users. There is also a news feed that draws content from the VanityFair.com site, including video and images from last year’s VF post-awards party.

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