Rumor is loud that Steve Jobs may be taking over Disney for good. Financial mag, Barron, is predicting that with Disney’s acquisition of Pixar making Jobs the biggest shareholder of the Mickey Mouse company, the Apple founder certainly is eyeing the top prize.

"I think he has an open option," Barron’s quoted analyst Christopher Whalen, a New York-based managing director of Institutional Risk Analytics. "Disney is badly undervalued right now. Jobs might get an opportunity to take it out…The markets and Disney shareholders would welcome a merger led by their apparent savior, Steve Jobs."

And although the market is excited and Disney stocks went up as a result of the speculation, there are those not so sure if Jobs’ impact on Disney will be as celebrated as the press he’s been getting.

Says Oren Harari:

"Maybe we ought to forget Jobs and look at Disney CEO Bob Iger. He’s the one that will ultimately influence whether Disney learns from Pixar, or simply devours it. One reader, an executive in the media business familiar with Disney, wrote: “Iger, being far less of a control freak than Eisner, may just see and implement the wisdom of not allowing the cat in mouse’s clothing to eat the mouse that’s been purring at the box office.”

Oren also thinks Jobs won’t play a hands-on role either strategically or operationally for Disney. Which is probably true. Because Steve Jobs is the dreamer, he provides the vision while his minions will execute. That’s how it seems to work.

And boy in this case, it pays big to be a dreamer. Everyone’s waiting what he’ll pull out of his mouse hat next.