Alec Baldwin and Steve Martin to Host the Oscars

Finally! After Hugh Jackman, Robert Downey Jr. and Ben Stiller all said no to hosting the 82nd Academy Awards, the academy decided to go with funny men Alec Baldwin and Steve Martin--and they really couldn't have picked a better duo.

"I am happy to co-host the Oscars with my enemy Alec Baldwin," says Steve Martin, who will share the stage with Baldwin.

"I don't play the banjo but I'm thrilled to be hosting the Oscars – it's the opportunity of a lifetime," added Baldwin.

Steve Martin hosted the 73rd and 75th Academy Awards so he certainly has some experience in the field. And Alec, well, he's just hilarious.

"We think the team of Steve and Alec are the perfect pair of hosts for the Oscars," said show producers Adam Shankman and Bill Mechanic.

"Steve will bring the experience of having hosted the show in the past and Alec will be a completely fresh personality for this event."

Sounds like a match made in heaven. Can't wait to see how they do! What do you think about Baldwin and Martin co-hosting? Will they do a good job?