AceShowbiz -

No joke, Jessica Simpson and Nick Lachey are Newlyweds no more. After months of rumors, denials and salacious magazine covers, the couple finally comes clean and announces that they're breaking up.

"After three years of marriage, and careful thought and consideration, we have decided to part ways," the couple says in a joint statement issued by their publicists, Meredith O'Sullivan and Rob Shooter Wednesday.

"This is the mutual decision of two people with an enormous amount of respect and admiration for each other. We hope that you respect our privacy during this difficult time." So the statement continued without mentioning whether the divorce is likely to happen soon. What a pity.