It sort of sounds like a huh? but the Academy of Motion Picture Arts and Sciences has announced that next year's Academy Awards will be co-hosted by Alec Baldwin and Steve Martin.

“We think the team of Steve and Alec are the perfect pair of hosts for the Oscars,” said 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.”

See photos from the 81st Academy Awards.

Lorenzo and I survived our 4-hour TV endurance test, more commonly known as the Academy Awards Show. Thanks to the wonders of technology, and the fact that we could make our sarcastic cracks (about the show, the actors, and each other) from different cities, we didn't come to actual blows, so we're calling it a success.

Click below to read our random thoughts on this ultimate television spectacle. We discuss cleavage, the merit of musical numbers, new haircut ideas for Lorenzo, and why Jerry's Kids are heading to my front door right this minute with pitchforks and torches.

My favorite part about last night's red carpet -- and many of the red carpets in the weeks leading up to last night -- was the understated elegance going on. A nod to the troubled economy? Likely.

The big jaw-dropping jewels were, for the most part (I'm still wondering if Angelina Jolie's emerald earrings were the real deal), left at home. Instead, the stars focused on adding umph to their best features with their gowns.

A perfect example? Meryl Streep in that off-the-shoulder gray dress by Alberta Ferretti. No fuss or fancy color (not Meryl's style). Just pure and simple elegance.

For the most part, the dresses did the talking rather than all the accessories. Like the big fluffy Christian Dior ball gown Sarah Jessica Parker wore (and nearly fell out of). Or the red architectural gem by Roland Mouret that Heidi Klum wore. That thigh-high slit said it all.

Other continuing trends: the one-shoulder look (Marisa Tomei and Kate Winslet) and belted ball gowns (SJP and Miley Cyrus' dresses).

A more recent trend, however, is the pale dress, which almost seems to have taken off ever since Michelle Obama wore a white gown to the Inaugural balls last month. Anne Hathaway, Melissa George, Evan Rachel Wood (Raleigh girl who was less goth and more elegance last night in an Elie Saab strapless gown that showed off her tattoos) and Marisa Tomei all went light.

If I had to pick a favorite "wow" moment from last night, it came from Meryl, followed closely by Angelina arriving and turning around to show off her enviable cascading dark locks.

"To borrow a Jeffrey Ross joke, Javier Bardem couldn't make it because he was making love to a supermodel on a bed a cash."

For more of that, go here.

Not every guy can dress like George Clooney at the Oscars ...

At least he's wearing a suit, right?

Next year: a tie.

I'm just thankful that Beyonce had the good sense to keep her jewelry box firmly shut tonight. I don't think we could have handled much more from this look.

Would it have been more bearable as a straight gown rather than a mermaid shape?

Without the big print?

Maybe just in all black?

I don't think I've ever seen Meryl looking so good ... even in grey!

I think it's the off-the-shoulder neckline, which is just so flattering on her (and so many women!). And the side ruching helps make it fit perfectly for her shape. 

Love that she brought her daughter as her date! (see her to the left, looking hot as well in a taupe skin-tight dress)

Angie shed the dove grey, which has been her color of choice this awards season, for a serious black strapless gown.

But even better than the simple, but elegant gown is her hair. Love it long and curled.

And check out those emerald earrings ... real?

The biggest stars in Hollywood arrive for the Academy Awards.