Well, that's settled. After a grueling day of wondering who could possibly take Eddie Murphy's place after the Tower Heist star decided not to host the Oscars, Billy Crystal announced via Twitter that he's stepping in as host.

"Am doing the Oscars so the young woman in the pharmacy will stop asking my name when I pick up my prescriptions. Looking forward to the show," Crystal wrote this afternoon. This will certainly bring tears of joy to those who stil love Mr. Saturday Night and pains of disappointment for those who were hoping that the Academy would somehow lose their goddamn minds and hire a bunch of puppets to do it instead. 

Crystal is a seasoned Oscars host, having served as Master of Ceremonies eight times. I suppose this means there'll be plenty of musical parodies, as this will be the first year that Crystal has hosted the show after the Best Picture category was expanded to include ten nominees.