While at the Highline Ballroom in New York on Friday to see [article id="1631901"]Adam Lambert, Kris Allen and Allison Iraheta[/article] perform for Ryan Seacrest's "Rock My Town" concert, MTV News got the inside scoop on another project from the makers of "American Idol." [article id="1628457"]"If I Can Dream,"[/article] a Web series launching in March from Simon Fuller and 19 Entertainment, will feature five relatively unknown actors, models and musicians trying to make it big in Hollywood.

The cast of 20-somethings recently met for the first time to embark on a global press tour. Among them: actor Ben Elliott, model Giglianne Braga, actress Amanda Phillips, actress Kara Killmer and musician Justin Gaston.

Of the castmembers, Gaston is the most recognizable. Not only has the singer/songwriter already been a contestant on one reality competition show, "Nashville Star," he has [article id="1597775"]previously dated teen singing sensation Miley Cyrus[/article]. (Billy Ray Cyrus hosted the season of "Nashville Star" on which Gaston appeared.)

"It'll be nice to open up Hollywood for everybody to see what it takes to make it into a star," Phillips said of the opportunity.

"I am determined to continue challenging convention and pushing the boundaries of mainstream entertainment," Fuller said in a statement about the show. "The next frontier is the video world of authentic, real-time interaction."

A little "Big Brother" and a little "X Factor," the series will showcase the wannabe stars as they cohabitate in a house in L.A. and venture out to auditions. The cameras will be rolling 24/7, and fans can log on and indulge their inner-voyeur at any time. If that doesn't do it for you, you can check out a weekly 30-minute show on Hulu.

In another attempt to deliver full interaction between castmembers and the audience, each member has his or her own "If I Can Dream" MySpace, Facebook and Twitter pages.

So what happens if success does strike one of these young unknowns?

"I think the whole idea of the show is for us to get successful," Gaston said. "So the sooner we get out, the better."

The first episode premieres on Hulu on March 2.

Will you be tuning in online? Let us know what you think!