Britney Spears and Kevin Federline have finally ended weeks of speculation about the contents of her womb, issuing this statement via her official website:

Dear Fans,

The time has finally come to share our wonderful news that we are expecting our first child together. There are reports that I was in the hospital this weekend. Kevin and I just want everyone to know that all is well. Thank you for your thoughts and prayers.

Love,
Britney & Kevin

In the spirit of this happy occasion, we'd like to offer some calming words to the proud papa to-be: Don't be nervous, K-Fed, the first non-bastard is always the hardest.

• Latest News [BritneySpears.com via Insider/Yahoo]