"People can submit a three minute video basically telling other Internet consumers why they should be picked to have their lives broadcast on the Internet."

There will be new entries posted every week. The winner will get fifty thousand dollars besides the 24 hours of exposure... .

"It will be live?" "Yes." "So, what do you show and what don't you show?" "Well I'm sure there are some complexities that will have to be worked out. In reality, there are people that are already doing this on the web. Jennicam, which is probably one of the more famous sites on the web where she has a camera set up and visits with Internet users on a very frequent basis and there are other examples of people. We had a gentleman in Japan who I think was living by coupon."

You can find more information at real.com.