Now it seems as though she was right. In an interview with 'USA Today'Philbin reveals that he's been mulling over the idea of taking on his own reality show after he steps down from 'Live!' in November.

"There are several things that interest me," he says. "You know these reality shows? I would love to do a real reality show where Regis goes out."

In fact, Philbin's already got the ball rolling on a potential new project -- "I did a little pilot for somebody last week in L.A." -- but says he'll wait to see the edited version before he says yes or no to continuing.

One thing the veteran presenter knows is that Reege the reality star would have some stiff competition from the gang over at E!. "How do you compete with the Kardashians? Regis on the street -- I'm no Kim Kardashian."

For the reality show pilot, cameras followed Philbin when he visited the doctor -- the 80-year-old was treated for floaters in his eyes -- and when he appeared on Craig Ferguson's 'Late Late Show' on CBS. There's no word yet on what wife Joy thinks of the plans, but Philbin's got a working title in mind for the prospective show: 'This Week With Regis!'

Philbin says he's going to take some time off before committing to anything, but he has already nixed appearing in his own sitcom. He wasn't interested because "It's so time-consuming."

So, did Philbin spill the beans about his possible replacement? No. "A co-host? That's their situation," he says. "I don't know who to recommend."

Exec producer Michael Gelman, who's worked with Philbin for 28 years and who is leading the search for Kelly Ripa's new co-host said no decisions have been made yet, but that all will be revealed early next year.

"I'm looking at this co-host search as 'we're going into dating mode again.' Dating is fun! Is dating stressful? Yes. You may have to tell your story again, but hopefully we'll find the right person. Maybe we'll move in together. We'll get engaged, and early in 2012 we'll make a commitment and set a wedding date."

'Live! With Regis and Kelly' airs weekdays on ABC. Regis Philbin's final show will air Friday Nov. 18.