Aerosmith’s Steven Tyler announced that he will not be returning as a judge on FOX’s hit show, American Idol, this fall.

Tyler released an official statement on Thursday, saying:

“After some long…hard…thoughts…I’ve decided it’s time for me to let go of my mistress ‘American Idol’ before she boils my rabbit,” said Tyler. “I strayed from my first love, Aerosmith, and I’m back – but instead of begging on my hands and knees, I’ve got two fists in the air and I’m kicking the door open with my band.

“The next few years are going to be dedicated to kicking some serious ass – the ultimate in auditory takeover…On Nov. 6, we are unleashing our new album, Music from Another Dimension on the Earth, Moon, Mars, and way beyond the stars…['Idol'] was over-the-top fun, and I loved every minute of it…Now it’s time to bring Rock Back.”

Tyler made his debut as a judge on January 19th, 2011. No one knows if  fellow judges, Jennifer Lopez and Randy Jackson will be back to judge.

Who do you think should replace Steven Tyler? Or is he irreplaceable?

*Update: Jennifer Lopez announces on Friday that she is done with American Idol.