LANCE ARMSTRONG REPORTEDLY CONFESSES Yes Oprah, I Cheated

Lance just wrapped up the one on one interview with Oprah few hours ago.

According to reports, Lance finally 'fessed up to cheating ... the first time he's ever admitted wrongdoing during his professional career.

Earlier in the day, Lance apologized to the staff at Livestrong, choking up and saying he was sorry for letting down the organization.