Top Shot is a new reality TV show airing on the History Channel that follows a group of people competing for the title of Top Shot. It has the normal two team setup with elimination rounds to eliminate one competitor from the team that looses the latest competition in each episode. I've seen two episodes so far, and am enjoying it. It has amazing HD slow motion footage of the action, and even includes good tips on how to improve marksmanship.
Update 1: Top Shot Season 2 Casting Call!