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I'm not saying he can't do it. I think he can. And maybe the whole premise is off since I've seen conflicting reports on whether he'll do the show in character or not. But I don't think you can do a show like Late Night permanently in character as a buffoon. We'll see.
For those who are curious. Here's some really rare video of Colbert dropping out of character to discuss his "Colbert" character, in a walkaround I did with John Kerry several years ago.