Rumor has it that Rosie Perez is already out at ABC's The View after only four months. The actress joined the roundtable discussion last fall and has not been the best fit. Aside from many on-camera flubs she has reportedly had a hard time handling all the vicious fighting between Whoopi Goldberg and Rosie O'Donnell. Perez was scheduled to take the month of January off to star in Broadway's Fish in the Dark and we are hearing that it is unlikely she will be returning to the chatfest.

We told you yesterday that ABC is considering killing off The View altogether after this season and replacing it with an additional hour of Good Morning America. A source told FOX411 that the revolving door of hosts is only a detriment at this point.

"You can't keep hiring and firing, trying to save a sinking ship There is no leadership on the show. It's the news division that pays for The View, so the debate now is whether the show is iconic enough to pour money into revamping, or do away with altogether. At this stage, the feeling is that it's pretty much done. They may test a remodeled version for one more season, but that would require work and top brass aren't sure that it is worth it," said the source.

At this point ABC is shooting down the notion that Perez is out but calling it a fluid situation. That sure sounds like she is out the door to us.

Readers: What do you make of the situation? Is there any hope left for The View? Do you think it is in everyone's best interest to put it to rest after this season? What would you do if you were in charge? Tell us your thoughts in the comments section below.

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