Ok, so this isn't really a surprise. This has been rumored and semi-confirmed for months.
After the fall of 'Hairspray', Luxor officials were looking for something to fill their theater and they tapped their friends from Canada to help.
This show will feature the 'magic' tricks of illusionist Cris Angel. I've never seen him perform but I've heard he is quite good and far less annoying than David Blane.
Expect more details from MGM Mirage soon and a show to open early 2008. Production cost is supposedly about $100 million.