Ex-Baywatch babe Traci Bingham is ready to give former co-star Pamela Anderson Lee's V.I.P. a little competition. After strutting her stuff on this season's ill-fated Roger Moore show, The Dream Team, Bingham is now working on her own syndicated project, Willow, expected to bow next year.

"It's like La Femme Nikita meets V.I.P.," the buxom beauty tells TV Guide Online. But is Bingham ready to take on Lee, whose show ranks as the most watched in the world? "I don't think anybody can compete with Pamela's show," she says with a laugh. "I'm learning as much martial arts as I possibly can. My show is packed with action. Enough to get a rise." Uh, whatever that means.

Bingham announced her new series at a star-studded launch party for the new web site IAM.com, a service devoted to bringing fresh-faced actors, models, musicians and dancers to the attention of the industry — an online showbiz talent agency, if you will. Judd Nelson thinks it's a great concept, but he's phobic about spending too much time online lest outside forces infiltrate his computer. "I sneak on but then time flies," he tells us. "I use cybertime where one minute could end up being an hour. Like in a chat room, where one inch can seem like 20."

Along with Nelson, such stars as James Woods, Mimi Rogers, Andy Dick, Pauly Shore and Kate Hudson held court in VIP cabanas as a bevy of attractive and potential IAM.com clients partied in the jungle-themed atmosphere, listening to the funkadelic jazz of George Clinton. Limp Bizkit's Fred Durst pushed up against the stage alongside American Pie's Tara Reid to get their groove on with Clinton, who was the real draw for the Hollywood crowd.