OMG OMG OMG!!!!
Okay, got enough of my excitement out of my system to post this gem from Queenpedia's Facebook page:
Apparently this is official, even though the site now only pulls up a blank page. Queenonline has said "Lots more to come on this...".
Also from the site earlier today "The highly anticipated Live Final, held in Los Angeles, will be judged by the official Queen Extravaganza panel, fronted by Roger Taylor. The 10 final contestants, and possible 'wild-cards', will perform LIVE as part of the band in front of Roger and the panel"