Jon Stewart!!! The LA Times reports:
The long search for an Oscar host is over, with an official announcement from the academy expected to come early Thursday morning.
For the moment no one at AMPAS or involved with the production will confirm it, but word is that the job of hosting the 78th Academy Awards will go to Jon Stewart, the Emmy-winning writer-host of "The Daily Show" and a past host of the Grammy Awards in 2001 and 2002.
For the past couple months, Oscar producer Gil Cates' search for an emcee has sometimes seemed to belong under the "Daily Show"-style heading "Indecision 2005." Last year's host, Chris Rock, was not asked back; eight-time host Billy Crystal said he declined an invitation because of his busy schedule. Published reports claimed that negotiations were underway with Whoopi Goldberg and Steve Martin, though those were never confirmed.
We hope it's true so stay tuned for more official announcements this week. UPDATE _ IT'S TRUE!!!