BREAKING: TomKat Is Over?

That’s what Life & Style Magazine are reporting. Now my Valentine’s Day is completely ruined. Here I was just saying just hours ago, how Hollywood should learn from the example of Tom Cruise and Katie Holmes in making love work.

Life & Style has learned exclusively that Tom Cruise and Katie Holmes have agreed to call off their wedding — and, ultimately, to split.

Multiple insiders confirmed the story to Life & Style, with one longtime friend of Tom’s saying: “Their relationship is basically over.” Another friend adds: “They both agreed that the marriage wouldn’t work and they wanted to end it before they learned to hate each other.”

The insiders say that Tom, 43, and Katie, 27, plan to keep up the charade of a romance until after their baby’s birth this spring. In the meantime, the couple will live in his Beverly Hills home — though sleeping in separate bedrooms — through the summer. Then, presumably, they’ll announce a separation — but Tom plans to buy Katie a home nearby so he can visit his child whenever he wishes.

“They’ll share custody,” says the friend, who claims the couple are drawing up a legal document to provide for Katie’s and the baby’s financial well-being for life. “Tom will set up Katie and the baby,” adds the pal.

Ah, I get it now. Tom Cruise received the biological alien baby child that he’s wanted all along. Now Katie can drop those plans of becoming a housewife, and return to the fulfilling world of acting!

(Image and tip via Best Week Ever)