frrom www.tmz.com – TMZ has learned a new reality show is in the works that would be hosted by Michelle “Bombshell” McGee and Jamie Jungers — and according to the creator, it’s all about celebrities who cheat on their loved ones.

Jesse James’ alleged mistress #1 and Tiger Woods’ #we-lost-count would front a show called “Celebrity Cheaters,” which is currently being shopped around town. The show was created by Bobby Goldstein, who created the original “Cheaters” — and would, according to the pitch, try and “catch celebrity cheaters with their pants down.”

Ironically, we’re told McGee once applied to be on “Cheaters” to try to trap an ex. She was denied.

The show hasn’t found a home yet — but Goldstein says McGee and Jungers have both agreed to do it, though nothing has been signed yet.