Well, it's finally official! Pop legend Britney Spears and former Disney star Demi Lovato will be jointing the panel on The X Factor USA this fall on Fox. The final judging panel was officially announced this afternoon during the Fox Upfront 2012 presentation. Rumors have been swirling for months, but we were treated to the judges' entrance at the presentation. It was great seeing Britney laughing and having a good time again. She looks ready to tackle this mammoth of a show, and I can't wait to see what's going to go down this fall. With a salary of $16 million and the title of highest paid judge on a reality television show, Britney's got a lot riding on this gig but I think she's ready to deliver. Check out the over-the-top X Factor announcement below, as well as Demi and Britney making their first official introductions!