Yes, It is confirmed, multiple credible sites are pouring in all over the net.
TMZ was the first to report the news of his death. The L.A. County Coroner's Office told The Hollywood Reporter that two unidentified males were involved in a fatal accident on Saturday but could not confirm that one of them was Walker. She had yet to make it to the scene.








Update #1 - Walkers official's Facebook fan page posted a statement just after 7 p.m. Saturday:

The tear jerking fact about Paul Walker's death:
According to TMZ, Walker was in his new Porsche GT when the single-car accident happened. The car reportedly burst into flames. It's unclear who was driving.
Walker was reportedly in the area, just north of Los Angeles, for a car show to support the Philippines typhoon relief effort.

So RIP Mr Walker, you will be missed.