Steven Tyler, Jennifer Lopez, and Randy Jackson will be on the judging panel for season 10 of American Idol. The announcement was made at a live event earlier today. Fox has also sent out a press release announcing that Interscope Geffen A&M chairman Jimmy Iovine will be the “in-house mentor” for the season. Scroll through our live blog coverage of the event, then check back at later today for Michael Slezak’s react and our on-the-scene reporting from the event.