Oscars 2012: Who should host?

(CBS/AP) Eddie Murphy is out as host of the 2012 Oscars. But who should replace him?

Brett Ratner resigned as producer Tuesday amid fallout over an anti-gay slur. One day later, Eddie Murphy, whom Ratner had chosen to host the Oscars, also stepped down.

Academy organizers have since tapped Brian Grazer, producer of "A Beautiful Mind," to fill Ratner's slot.

But the host seat is still vacant, and many names are being tossed around by the media. Among them are previous hosts Billy Crystal, Hugh Jackman, Steve Martin or Jon Stewart.

There's also talk about bringing in a first-time host such as Tina Fey, Neil Patrick Harris, Ricky Gervais, Justin Timberlake or Ben Stiller.

Sasha Stone, editor of AwardsDaily.com, came up with a few names too: Oprah Winfrey, Stephen Colbert or "Bridesmaids" co-stars Kristen Wiig and Melissa McCarthy, who reunited recently on "Saturday Night Live."

There are even pages on Twitter and Facebook pushing Kermit the Frog and his Muppets pals as Oscar hosts.

"There'd be cheers across Hollywood for Billy's [Crystal] return," said Tom O'Neil, editor of the awards Web site GoldDerby.com. "That could be the happy ending for this story."

It's now up to Grazer and Don Mischer, who is co-producing and directing the Oscar show for the second-straight year, to find a replacement for Murphy.

"It's a lose-lose situation for them. No matter what they do, people are going to complain," Stone said. "It's a show everyone loves to watch and everyone loves to hate."