Ryan and Reece Officially Call It Quits

 ryan-phillippe-reece-witherspoon

Unfortunately, Hollywood’s All American Dream Couple, Ryan Phillippe and Reece Witherspoon, have officially finalized their divorce.  The court papers, just released, didn’t contain any juicy details.  The ever popular term, “irreconcilable differences”, was used as the reason for the separation.

According to sources, the couple is planning to split custody of their son, Deacon, 4, and daughter, Ava, 8.  It has also been reported that Phillippe will not be asking for alamony from his higher paid wife.

Recently, Witherspoon was seen cuddling with Jake Gyllenhaal, who is co-starring with her in RenditionPhillippe, apparently, is also dating again.  He has been seen recently with Abbie Cornish, his co-star in Stop Loss.

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