What are the qualifications for a good awards show host?

James Franco and Anne Hathaway have been selected as the hosts for this year’s Oscars. This article says they will be good hosts because they will attract a more youthful audience, and are attractive and funny.

Is that right? Is that what it’s about? Do you think that other people should have been chosen as hosts or that there should only be one host? Do you care? Do you watch the Oscars? Why do you watch it? What do you like about it? Finding out who wins? The pageantry of it all? What?