Katie Holmes and Tom Cruise Katie Holmes and Tom Cruise

Pacey, you'd better sit down for this one: Katie Holmes is pregnant with fiancé Tom Cruise's baby, the Mission: Impossible star's spokesperson tells People. "Tom and Katie are very excited, and the entire family is very excited," says the rep, who, I will venture, is "very excited" herself. No further details on the baby (let alone the wedding date) were made available, although there is early spec that, if it's a boy, Cruise will name him Kal-El Ron Hubbard.