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I have heard a number if interviews with Colbert, the man not the character, and he's brilliant and entertaining. I don't think he needs his character at all in order to take on this show. In fact, I think it would be a mistake to pigeon hole himself in that role moving forward. Moreover, I think it would be a mistake to not have someone else take over The Repor(t) on Comedy Central. There are other entertainers that could do something cool with that premise too. His character is based on Bill O'reilly, imagine someone doing a parody of Sean Hannity or better yet Glenn Beck! -that's my guess for the way this will all play out.