4 September 2012 6:00 AM, PDT | Entertainment Tonight | See recent Entertainment Tonight news »

The cat was let out of the bag last week, but Michael Strahan's new job was officially confirmed this morning when he rushed from a large black car onto the Live! set and into Kelly Ripa's open arms!

Video - Regis' Emotional Final Day on Live!

After a sweet smooch, the new Live with Kelly & Michael logo debuted behind the new duo as they held hands and hugged. "I am speechless," Strahan said. "I am so happy to be here and be a part of this. You know how you say it's a dream come true, but I truly can't say that I ever even dreamed this."

Funnily enough, Ripa then introduced a clip from Strahan's first appearance on the show in 2008 where he joked with Regis about replacing him one day! "Unbelievable," Strahan said after watching the clip. "Regis, I was joking ... but I'm glad the joke came true."

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