I still record Letterman every night. Don't usually watch the whole show, just the monologue, then fast forward to whichever actress in a short dress is appearing that night, listen to the stand-up comedian if there is one, then delete (unless Willie Nelson or someone cool is the musical guest). I knock out the show in about 15 minutes or less.
Leno drives me nuts. At least Letterman gets involved with his guests, Leno just phones it in.
I have been watching "Chelsea Lately". Chelsea Handler is the only female late night host, pretty fresh stuff. Has a panel of 3 comedians that does about 20 minutes, then a guest for 10 and done. Kevin Spacey was on the other night, he was good. Again, good DVR material.
All in all would rather fast forward Letterman and Handler than watch Good Morning America!
Craig Ferguson is a hoot!