But Tina herself isn't so sure.
"In the year of 'Precious' the only appropriate third co-host would be Tracy Morgan!" Tina told AccessHollywood.com's Laura Saltman, referring to the emotional film co-produced by Oprah Winfrey and Tyler Perry.
But while Tina may not be ready for Oscars, plenty of stars would love to see her at Hollywood's biggest night, including Justin Timberlake.
"You can't go wrong with Tina Fey," Justin told Access Hollywood's Shaun Robinson.
Related Content from AccessHollywood.com:
VIEW THE PHOTOS: '30 Rock' Big Boss Alec Baldwin
PLAY IT NOW: Inside The 2010 SAG Awards Preparations
PLAY IT NOW: 'It's Complicated,' NY Premiere: Alec Baldwin On Nude Scenes & Spray Tanning