Kate Hudson and Owen WilsonOk, get yourselves prepped for some Showbiz tittle-tattle.

And it's about the speco couple of the mo' - Kate Hudson and Owen Wilson.

Just what is going down about this duo now?

Well despite a flurry of engagement rumours the tide seems to have changed in their supposed sea of love.

Apparently they have called it quits, less than two months after the goss first started about their rekindling romance in Miami.

We find it slightly hard to get our heads around - one min reports are they're engaged, fuelled by photos of Kate wearing a bling ring (it was a prop) both on-and-off set of her film Bride Wars, which she's filming in Boston.

... The next People mag have a source who reckons they are O-V-E-R.

A mate of Owen's told them: "It was a pretty bad breakup.

"Owen said it was a tough one. He definitely doesn't want to dwell on it. He wants to put it behind him."

Boo-hoo, we'd rather have had a happy ending to this love story.