The Academy of Motion Picture Arts & Sciences have asked the lovely Anne Hathaway and sexy James Franco to host to 2011 Oscar ceremony.

According to ComingSoon.net, Oscar producers Bruce Cohen and Don Mischer announced today that the young two-some have agreed to the honor.

It would appear that the Academy is looking to draw in a younger crowd and possibly keep the long running awards show fresh and new.

The nominees have yet to be decided, but word has it that Franco may be up for Best Actor for his turn in 127 Hours which has earned the actor tons of critical praise.

Hathaway’s most recent giving is Love and Other Drugs, co-starring Jake Gyllenhaal. In the film, the actress shy’s away from her innocent image and bares all.

The Oscars will be telecast on ABC on February 27th, live from the Kodak Theater in Hollywood.

Who would you like to see as future hosts for the show? Let me know in the comments section below!