[Dianah194]

There's speculation that Ryan Seacrest host for American Idol, will be replacing Regis Philbin as co-host for Live with Regis and Kelly.

Philbin had triple byp*** surgery in March 2007 and announced in December that he will be cutting back to a three-day work week.

According to The Globe:
“Ryan would be the perfect successor to Regis. He’s subbed several times for Larry King on his CNN talk show, he has his own syndicated morning radio gig, hosts the biggest show on TV, and does special events and red carpet coverage for E! Entertainment Network.”

I would say he's ready to co-host Live w/Regis & Kelly.