Laura said it first during last year's telecast "bring back Billy Crystal." I agreed wholeheartedly. Then he appeared as if by magic to present. We have continued to say that he should host again. When Eddie Murphy was announced, it was interesting. When Murphy stepped down after the producer Brett Radner resigned, I was very curious about who would host. Laura teased me that Regis would be hosting via facebook today. When I was working out I realized that we should start some internet requests ala Betty White hosting SNL to get Billy Crystal the mc spot at the 2012 Oscar show. Well NO NEED. Yes. So. Excellent.
http://www.oscars.org/index.html -- the current homepage features this quote "Some of the best moments of my career have happened on the Oscar stage. I am thrilled to be back there." -- Billy Crystal
http://www.oscars.org/press/pressreleases/2011/20111110.html -- the official press release announcing Billy Crystal as the host.
And I am now following him on twitter.