Apparently, holding the Guinness World Record for the most time spent in front of a television camera isn't enough. The AP is now reporting that 76-year old Regis Philbin has been signed to host the red carpet show for the upcoming Oscars. Dennis Doty, producer of the show, says he's a great host because "he knows everyone, and everyone loves Regis." The arrivals show for the 80th Annual Academy Awards airs at 5/4c February 24, 2008 on ABC.

I bet Ryan Seacrest is pissed. How dare a hosting gig come up and not be his. How do they expect him to become the new king of all media? But Philbin is one of the most beloved people. I mean seriously, does anyone not like the man? How do you achieve that level of likeability, anyway? I can tell you from personal experience it's not achieved by offering free back massages to everyone you meet. And I thought everyone liked massages, but no! Apparently, they like restraining orders more.

[via Yahoo! ]