Reality TV running out of material?

NY magazine came across this pitch from a casting producer for Magical Elves Productions (home of "Project Runway," "Project Greenlight," "Last Comic Standing" and other stuff) who is looking for candidates to be on something called "America's Next Producer." The pitch begins this way: "Think you have what it takes to be the next Jerry Bruckheimer, James Brooks, JJ Abrams or Mark Burnett? Then we want to hear from you!"

AMERICA’S NEXT PRODUCER is a new reality competition series for TV Guide Channel seeking the Television Producer that will bring America the next generation of hit shows! Brought to you from the Executive Producers of Project Runway and Top Chef, contestants will compete in a series of innovative challenges that showcase their talent. One visionary will emerge from the pack to win the ultimate TV production deal, including $100,000 cash, a production office in Hollywood, and a first-look deal with TV Guide Channel! Just out of school, an industry veteran, or YouTube enthusiast? If you are serious about production and looking for your big break APPLY NOW.