Breaking News: Lance and Sheryl Call It Quits!

It's been hotly debated by the gossip rags since before Christmas, but now it's official: Lance and Sheryl are calling off their engagement:

A spokesman for Armstrong's agent confirmed the news Friday night.

"After much thought and consideration we have made a very tough decision to split up," the couple said in a joint statement. "We both have a deep love and respect for each other, and we ask that everyone respect our privacy during this very difficult time."

Stay tuned for tearful commentary from Austinist's resident yuppie prick, Mark Hammer!