So, anyone catch the premier of The Ultimate Fighter 10: Heavyweights (TUF) on Wednesday? It appears that many people did, as it is one of the topics creating some buzz in the internet world thereafter. I saw some of the highlights, as I wasn't home when the show was on, and one word describes what I saw: brutal. Let me address that in a minute, I want to first address the big news of the night -- Kimbo is back.

Yes, Dana White (UFC president and promoter extraordinaire) finally convinced internet fighting sensation (and former EliteXC fighter) Kimbo Slice that he would have to work his way into the UFC by competing in TUF. After Wednesday's episode, it sure seems that Slice is going to have to work for his spot in UFC. White has not assembled the group of tomato cans that Kimbo was going to face in EliteXC before his loss and the company's demise. Kimbo is going to have to fight against experienced fighters who actually have ground games (gasp!).

There have been numerous stories about the plight of the newly unemployed former Wall Street hotshot and it really is quite sad. Hard-working paper pushers have gone from seven-figure bonuses to the unemployment office. and in particularly dire cases, they've had to transfer kids to less elite private schools or perhaps even sell an Aspen ski lodge.

All of this could make for a fascinating CNBC reality show styled after hits like The Surreal Life and The Simple Life. Call it The Severed Life. The show would feature recently laid-off high level corporate executives, including former CEOs who left with massive severance packages, there to serve as punching bags: Richard Fuld, Angelo Mozilo, and Ken Lewis -- Oh wait, he somehow still has a job. Lesser-known cast members might include investment bankers and hedge fund managers.

Viacom's (NYSE:VIA) MTV has signed MySpace star Tila Tequila to host her own show, A Shot at Love with Tila Tequila, to debut on October 9th. The bisexual-and-proud-of-it Tequila has become one of the most friended people on MySpace, and her site has helped launch her musical and modeling careers. She also previously served as host of FUSE TV's popular Pants-off Dance-off, named by TV Guide as the dumbest show on television.

According to TV Week, the show will be constructed along the lines of Big Brother but customized to Tequila's tastes. Sixteen straight men and sixteen lesbians (what do they have against bisexual women?) will vie for the chance to move into Tequila's mansion. Once there, the finalists will contest for her affections. The show is slated for a ten-episode run.

How can a show featuring a star who describes herself thusly, "I'm no girl next door, I'm the bitch down the street," be anything but a hit? I'm giving it two thumbs up already.

Hate your mobile phone? You've missed you chance to enter the 2007 World Cellphone Throwing Championship, held in Savonlinna, Finland last weekend. The winner in the men's category was Mika Paajanen with a toss of 76.68 meters (212 feet), while Eija Laakso defended her title in the women's category with a hurl of 44.49 meters. Not noted was the brand of phone throw. I'd have gladly contributed my Motorola, Inc. (NYSE: MOT) Razr, which has a battery life measured in nanoseconds, and I can't even shave with it.

If tossing your cell phone doesn't vent your rage, you might be interested in Redline Films' newest reality show. Office Fight offers co-workers the opportunity to lace up the gloves and have at it! The company is recruiting contestants, so email them the name of the person you'd like to knock around and the justification for the punishment, and perhaps you too can make your parents proud.

In case you're thinking of investing in China because you believe they've entered the age of rational thinking, I point you to a story in this week's Newsweek. According to Matthew Phillips, the Chinese government has banned Buddhist Monks in Tibet from reincarnating without permission. Evidently, they'll have to apply for a license from the State Administration for Religious Affairs. No mention was made of the penalty for illegal reincarnation, but I bet it's not a life sentence.

Think restaurant service couldn't get worse? Think again. A new German restaurant has done away with waiters altogether, replacing them with a computer aided, gravity fed food delivery system. Patrons order from a touchscreen, and their meals are delivered from the kitchen via a rail system sans the touch of human beings. Welcome to the Jetson's future.

Politics, MySpace, and reality television - three entities that are practically ubiquitous and yet widely panned - are joining forces to find a candidate for Commander in Chief. Mark Burnett, über-producer of Survivor, The Apprentice, Rock Star and others, is teaming with social networking site MySpace - a unit of News Corp. (NYSE: NWS) - to develop Independent, a program that will find an independent U.S. Presidential candidate.

The program is set to launch early next year, giving the potential candidates quite the slow start compared to Hillary Clinton, Barack Obama, John McCain and others that have already kicked off their respective campaigns. The candidates will participate in interactive "town hall" meetings, allowing MySpace users and TV viewers the opportunity to rate the contestants' political strengths and weaknesses. The program is not yet attached to a television network.

Burnett hopes this new concept will engage America's youth in the political process. Through the pairing with MySpace, Burnett hopes to "bring to light the issues that are closest to those who now finally have a chance to be heard."

While the grand prize of candidacy comes with a cool $1 million, the contest's winner cannot pocket the cash, but must instead use it for campaign purposes or toward a political action committee.

Beth Gaston Moon is an analyst at Schaeffer's Investment Research.

Warner Bros., the television-and-movies subsidiary of Time Warner, is stepping up efforts to cash in on the big-money, low-budget industry of Reality -- reality television, that is. The company intends to launch a TV production unit, called Warner Horizon Television, to produce even lower budget reality television programs.

And how does Warner Horizon Television plan to lower the cost of the already pathetically cheap reality television shows?

Well, according to Peter Roth, President of Warner Bros. Television, the studio will limit taping days, shooting locations and "talent" pay. This new production model will reduce costs to about $500,000 less per episode than what a "traditional" (read: watchable) TV show costs per episode.

If you're interested, Warner Horizon, I have a couple of ideas for some very low-budget reality shows: