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With its full cast of judges and hosts assembled, The X-Factor has released its first, official, extended promo.

In the video below, Simon Cowell hypes the largest prize ever handed out for a reality show ($5 million!), while the names and images of the stars associated with the competition flash across the screen: Cheryl Cole! Nicole Scherzinger! Paula Abdul!

Will you be tuning in this fall? The X-Factor will air twice per week on Fox, American Idol-style, with a performance show and a results show. Check out the 90-second trailer now: