Yes, I am sure "I" takes one award already - for the shortest name.
If I had my way, it will probably also take best special effects in an Indian movie, best locales and best makeup. It wouldn't win much for story and direction, but might just walk away with most innovative action sequences, and best executed dream sequences.
And definitely, if I had my way, a special award for the most gorgeous Amy Jackson!
Hold your horses in the first 15 mins, ignore the lion-man in the promos, and go watch it on the big screen. You might actually come back impressed.