As we all know by now, Project Runway has left its Bravo mothership and moved on to Lifetime. But, don't fear, Bravo fashionistas! The network has filled the void with another fashion reality competition, The Fashion Show, premiering May 7 at 10 p.m.

What's the difference? Well, first off, there are no amateurs this time around -- The Fashion Show features all professional designers. Also, each week a live studio audience will pick their top three favorite designers who the judges will then choose from to determine that week's winner. In the end, America will pick the final winner. So, if you ever disagreed with a Project Runway winner, now is your chance to have your voice heard.

The prize? A clothing line available for retail and $125,000. That's right, now you can buy the fashions you see on the show.

And, as you say goodbye to Heidi Klum and Tim Gunn, say hello to The Fashion Show hosts -- renowned designer Isaac Mizrahi and Grammy Award-winner and actress Kelly Rowland.

To get you ready for the premiere, get to know the contestants with this video clip:

 

After watching that, do you already have a favorite? Let us know in the comments below, and don't forget to watch the show!

-- Jacki Garfinkel