Ryan Seacrest to Host 'American Idol' Forever, On ABC or Myspace or the Sun

UPDATE (7/20): ABC confirms that Ryan Seacrest will officially host the American Idol revival. Live with Kelly and Ryan (naturally) announced the news today. He commented on the decision in a statement via Deadline:

“It’s genuinely hard to put into words what American Idol means to me. I’m so grateful for the show and all the career and life opportunities it’s allowed me to experience. It’s been an incredible journey from day one. To be asked to return this year, at my new home at Disney|ABC, is an honor, if not a bit surreal. I believe ABC is the perfect home for Idol, and I’ve every confidence the show’s legions of fans will love it—especially Idol’s best traditions of showcasing heartwarming stories, remarkable talent discovery, and, best of all, making dreams come true.”

“So much of American Idol‘s overwhelming success can be attributed to Ryan, whose larger-than-life personality and laudable dedication to creating quality entertainment has made him a true master of his craft,” ABC Entertainment president Channing Dungey said. “His talent is limitless, and I can’t think of a more appropriate person to honor the Idol legacy as it takes on new life than the man who has been there through it all.”