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.

Life & Style

Can it be? Is our Joey Potter back? It is nice to see that they are still clinging to this baby business. If you lie you really should stick with it. I learned that lesson in highschool and it involved beer, a roof, and a broken leg. Nuff said.

Dear Celebrity Break Up God,

With all the celebrity break ups, for the love of you let this be true. If it is not, can we trade Nick and Jessica or even The Hoff and Mrs. Hoff? How about that chick who played Jane on Melrose Place and her husband? Sorry, you are right. That wouldn't be even. I understand that there must be a balance to these things. Anywho, this is creeping me out. I miss the old Katie Holmes.

Love,

Rit

Pray to L. Ron Hubbard that it's true, Rit. Or in the immortal words of MC Hammer:

That's word,we pray(pray,pray)
We got to pray
Just to make it today
I said we pray(pray) ah,yeah,pray(pray)
We got to pray
Just to make it to pray
That's word,we pray

Peace out.

Word Popo. Word.

I used to love Katie Holmes but after Tom I don't think she'll be capable of loving. Kind of like a mother bird after a human touches their birdchild.

Next Life and Style headline:

"Stress of Breakup Causes Katie to Lose Baby."

The baby she never was pregnant with in the first place.

do tom cruises kids have to get shock therepy too?