I love the British Take Me Out. I've seen a few games of it, and everything's perfect.
The words "Fremantle" and "stateside" don't exactly fill me with confidence, though. I vaguely recall a thread either here or elsewhere that mentioned possible ways America could screw it up -- one of them, IIRC, was to use a baseball motif and play "Take Me Out To The Ball Game". Another would be to use Central Casting, which if I'm not mistaken would go against the point of the British version.
As for an emcee, if they won't use the British host, they shouldn't use a first-time emcee or Rossi Morrealle, either. If Fremantle wants eyeballs, they should phone Chuck Woolery.