This is a list of my favorite current talk show hosts, not my favorite of all time. The talk show
has to be currently on air. So no Carson, Carson or.... Carson.
Honorable mentions:
Oprah- the most powerful person in the world (I may go missing tomorrow for not putting her in the top 5
Jimmy Kimmel- very funny man. His unnecessary censorship segment is one of my favorites on any late night show.
Craig Ferguson- who? he took over for Craig Kilborne after Letterman, and he is surprisingly funny. I hate not having him on the top 5, but I didn't feel right leaving Larry King off of the top
5.
Larry King- 
The man is going on his 51st year of Talk Show TV. He is a brilliant interview and very hard-hitting.
4.
Ellen DeGeneres-

Can't catch daytime TV often , but when I see clips, the show is very funny.
3.
Jon Stewart-

faces off with politicians very seriously and cracks jokes with the comedians and sometimes vice versa.
2.
David Letterman-

It pains me to delegate one of my heroes and the current "King" of late night to number 2, but I am afraid the up-and-comer below has a better show, in my opinion.
1.
Conan O'Brien-

I cattch myself laughing out loud from this show more often than any other. When he takes over the Tonight Show from Leno, and Letterman eventually retires, I think we will have only one dominant late night show again. Conan will be the new Johnny.