Fuller's If I can Dream is Web's first reality show

Television producer Simon Fuller's new reality show, "If I Can Dream," will be streamed live from 1

This is the first time a reality show has fully moved from television to web. Viewers can now connect to the contestants and follow them through Twitter, Facebook and MySpace.

The show, which follows five young people aspiring for Hollywood roles, will begin as the contestants move into a Hollywood Hills house.

The show's promo calls it an "interactive cultural experiment." The weekly recaps will be aired on hulu.com.