Jon Stewart will return this year for his second go-round at hosting the Oscars, which he did previously in 2006. Stewart is currently the host of Comedy Central's 'The Daily Show With Jon Stewart', and has also hosted the Grammy's in 2001 and 2002.

Stewart, a political satirist, injected some political humor into his 2006 performance, taking jabs at the war in Iraq and ribbing Hollywood's elite about their ties to the Democratic Party.

However, some jokes bombed and he got mixed reviews.

"His usually impeccable blend of puckishness and self-effacement fell flat," a review by The Associated Press said, adding he was "too deferential, too nice and too obvious in his targets."

There was no word as to why the Academy decided no to go with last year's host(ess) Ellen DeGeneres.

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Labels: Jon Stewart, Oscars