At first glance, it might seem that Timothy Hutton has not lived up to the promise of his meteoric beginnings, but then earning an Academy Award for your first feature perhaps could create unrealistic expectations. This son of actor Jim Hutton left high school at the age of 16, moved in with his father and began pursuing an acting career full-time, initially gaining attention for his work in TV-movies, notably the award-winning "Friendly Fire" (ABC, 1979), as the son of Ned Beatty and Carol Burnett. The following year brought the plum role of Conrad Jarrett, a youth recovering from a failed