Sources: CNN/Prez/TMZ.

This is from Prez:

Breaking fast!!!

Spears filed legal papers today in Los Angeles County Superior Court, citing "irreconcilable differences." In her petition, Spears asks for both legal and physical custody of the couple's two children, one-year old Sean Preston and two-month old Jayden James, with Federline getting reasonable visitation rights.

As for money, sources tell TMZ the couple, who married in Sept. 2004, has an iron-clad prenup. Not surprisingly, Spears is waiving her right to spousal support. She's also asking the judge to make each party pay their own attorney's fees.

Spears gives the date of separation as yesterday, the same day she flaunted her incredible revamped physique during a surprise appearance on David Letterman's show. Sources tell TMZ there was no single reason for Britney pulling the plug, rather, it was "a string of events."

Spears has hired powerhouse celebrity divorce lawyer Laura Wasser, who has repped a number of celebs, including Angelina Jolie, Nick Lachey and Kiefer Sutherland. We're told Reese Witherspoon and Ryan Phillippe asked Wasser to rep both of them in their split, but Wasser declined for personal reasons.

HOLLAFUCKINGLUAH!!!!!!

Britney, what is right now? Britney, what is right now? Britney what is right now, what is right now, what it is Britney? (People who went to her Dream Within A Dream Tour will know what I'm talking about)

AHHHHHHHHHHHHHHH

I love this. Britney is on her way back baby!!!!!

Hmmm, could have seen this coming a long time ago. It was bound to happen. In fact when US was talking about a split months ago, I could tell that it was going to come true. It's about time....now maybe we will get out Britney back to what she does best. Sing and dance

Well im glad i made your day Ryan.

Good for Britney.

YES!

NOW SHES MINE MINE MINE!

IM GIDDY LIKE A SCHOOL GIRL!

:) :) :)

Homos across the land are jubilant. I swear, my people do love their Britney.

Looks like the shopping sprees and the Boys Night Out is all over for K-Fed... He's going to be a deadbeat dad of two more kids.

Here he thought he was gonna 'blow up." All he will be remembered as to me is a back up dancer that married Britney for her money, and ditched out being a responsible parent to four children.

Britney Spears was the first music star I ever had in my locker. Lol, I was freakin obsessed with her in 7th and 8th grade.

Britney = Goddess

Who is going to be K-fed's next baby mama?

Thank you for finally gettting a clue girl!

I know that the press and the media are going to once again try to make Britney look bad, but I am glad that she made the right decision to get out of a marriage that obviously about money (on K-Fed's part).

I also hope she comes back to the music scene with a vengence.

Who is going to be K-fed's next baby mama?

Thank you for finally gettting a clue girl!

He's probably already sniffing around someone now, looking for his next meal ticket and to plant his seed before moving on to someone else. He's not all that to look at anyways. He was considered a has-been in my book before he even decided to 'make it in the music business'.

K-Fed still gets paid, so I bet its no big deal to him.lol I never liked Britney, but I'm glad she's getting her act together and dropping her extra baggage. This year should be called, "The End of the Trainwreck marriages," first whitney drops bobby and now brit drops K-Fed.

K-Fed's been earnng himself a pretty penny appearing on WWE programming. He's been getting $15,000 per appearance (he's made a few as of late). I am sure he got an extra bonus for appearing on their PPV.

However his concerts aren't doing too well. They keep getting canceled due to "lack of interest" and low ticket sales.

I forgot he has been on WWE, haven't been watching it lately....

Hmmm, I wonder if Britney sang this song to him:

Time is up

No more cheat n' lie

No more tears to dry

You and I, we're like so "bye-bye"

Finally

I am over you

Totally unblue

And I can hear myself saying

I am better off without you

Stronger than ever and I'm tellin' you now

Don't go knockin' on my door

Gotta stay away for sure

You say you miss me like crazy now

But I ain't buyin' that

You better get off my back

Don't go knockin' on my door

I can see

It's no mystery

It's so clear to me

What we had is all history

It's OK

I can sleep at night

It will be alright

I can hear myself saying

I am better off without you

Stronger than ever and I'm tellin' you now

Don't go knockin' on my door

Gotta stay away for sure

You say you miss me like crazy now

But I ain't buyin' that

You better get off my back

Don't go knockin' on my door

Don't go knock on my door

Don't go knock on my door

Don't go knock on my door

Do what you want

As long as you don't come back

Don't go knockin' on my door

Gotta stay away for sure

And now I ain't buyin' that

You better get off my back

Don't go knockin' on my door

Gotta stay away for sure

You say you mishtml me like crazy now

But I ain't buyin' that

You better get off my back