"It's something else, something very unique and very exciting but no, we're not getting the Bonds together."
The latest James Bond adventure, Skyfall, is up for five Oscars this year, including Best Original Song. We reported last month that Adele will perform her Oscar-nominated song at the awards ceremony.
The telecast will also feature a tribute to the critically-acclaimed musicals of the past 10 years, including Chicago and this year's Best Picture nominee Les Miserables.
Seth MacFarlane hosts this year's Academy Awards ceremony, which airs Sunday, February 24 on ABC.
The Academy Awards episode 61.1, "The 85th Annual Academy Awards" stars Seth MacFarlane} and is directed by Don Mischer}.