Reid, Spears, Lovato, Cowell, Hungadunga and McCormick BEVERLY HILLS, CA–Last summer, the buzz about The X Factor made it sound like the biggest thing to hit TV in years. Then it arrived and, well, shrunk.So it was almost cruel to see Britney Spears, Demi Lovato and Simon Cowell, along with L.A. Reid, blown up huge