It's a reality show that will actually be real. And it won't be one weekly episode, shot, edited and promoted for prime time. It'll be a round-the-clock scene, the closest that media has come to creating the world of the Jim Carrey film 'The Truman Show.'

According to the Hollywood Reporter, 'American Idol' mogul Simon Fuller will launch 'If I Can Dream,' a series which follows five young people -- two actresses, one actor, a model and a musician -- hoping to make it in Hollywood. The aspiring entertainers will live together in a home in Hollywood Hills, with their experience to be streamed on MySpace, Clear Channel Radio and Hulu.