Deadline is reporting that Anne Hathaway and James Franco have been asked by the Academy of Motion Picture Arts & Sciences to host the Academy Awards, and that it "looks like" both actors have agreed to do so. The two of them are more than qualified to perform the requisite duties, as Hathaway helped Hugh Jackman re-enact Frost/Nixon two years ago, and Franco goes back and forth between posing for magazine covers in drag.
Aside from a clearly valiant effort by Academy President, Tom Sherak, to spike the ratings, both actors currently star in two of the most talked about films of the year: 127 Hours, where Franco plays mountain climber Aron Ralston, who cuts his arm off when a boulder pins him against the side of a canyon, and Love and Other Drugs, where Hathaway's character shows her breasts to Gyllenhaal's character in order to make up for the fact that she has Parkinson's and will not live long enough to take part in the clinical testing of his his erectile dysfunction drug, but does her damndest to try because he has taken it upon himself to take care of her, but only because he's fascinated by her initial rejection of him.
So what can we look forward to during the show? Both of them are bound to sing, so there's that. Oh, and make nude jokes. If they're both nominated for an Oscar, perhaps they will debate who deserves one the most in a nice song and dance. Franco may have learned how to cut off his arm, but Hathaway dated an embezzler...she's clearly an Oscar favorite.