The 2012 Emmy Awards air Sunday at 8pm on ABC during all of your other programming (set those DV-Rs!), so is the show worth watching?  Will there be any upsets?  Or will it just be worth it to sit there smugly as Bryan Cranston wins again for Breaking Bad, turning to your friends, significant other or Siri and saying “I totally called that.”  Hit the jump to see my predictions for who will win and whoshould win Sunday night based on Vegas odds, rumors, secret handshakes, the predictability of Emmy voters, with maybe an upset or two thrown in to keep things interesting.

Before the 2012 Emmy Nominations are officially announced (July 19th), I wanted to jump in and highlight some of what I believe to be some of the best underrated performances on television this year.  Putting aside some of the perennial winners, the following discussion for each of the major categories is likely to mention plenty of names who won’t get Emmy mentions this year, but certainly should (and others who may get a nod, but likely won’t win).  Hit the jump for the (spoiler-free!) list that is not meant to be exhaustive (after all, I do watch an unhealthy amount of TV but I’m not caught up on everything), but hopefully brings at least a few of those dark horses to light with the recognition they deserve.