Just a few days ago, we got word that the Academy was possibly closing in on a host for this year’s Oscar ceremony.  They were apparently keen on having Jimmy Fallon tackle hosting duties with SNL’s Lorne Michaels producing, but ABC wasn’t exactly thrilled to have Fallon—who competes against the network’s Jimmy Kimmel in late night—take the spotlight.  At the time I wrote that Fallon could actually be a nice fit for the gig, but apparently it’s not meant to be.  During a Today Show interview with Matt Lauer (via The Wrap), Fallon revealed that he graciously turned the job down:

"I'm not gonna do the Oscars. I was honored to be asked by the Academy, but it's not my year."

The SNL vet did a terrific job hosting the 2010 Primetime Emmys, so I sincerely hope he reconsiders in the future.  Nevertheless, we press on as the Academy continues their search for the 85th Academy Awards host.  Sound off in the comments with your picks.  My vote enthusiastically goes to Emma Stone.