Baby no. 2 still fresh off Britney Spears and the new mama files for divorce to end Papa K-Fed’s free ride to fame and fortune.

Probably smelling the advancing stink of Kevin’s flop musical ventures, the pop princess decides to put a cork to what is foreseen as depreciation of her bank account if she doesn’t wake up and stop the madness.

TMZ reports it obtained the legal papers, filed in Los Angeles County Superior Court, citing “irreconcilable differences.” In her petition, Spears asks for both legal and physical custody of the couple’s two children, one-year old Sean Preston and two-month old Jayden James, with Federline getting reasonable visitation rights.

The site also cited that Britney will have no worry on the alimony as the couple had an “iron clad prenup”. The two married in 2004, eight months after the alcohol induced 55-hour marriage of Spears to old friend Jason Alexander.

In the divorce papers, Spears asks for custody of the kids, of course with visitation rights for Federline. And maybe a trickle of child support, or the cookie crumbs Kevin has had for the last week or so.

The filing also lists, “miscellaneous jewelry and other personal affects,” as separate property and thereby off-limits to Federline. Earnings and other assets to be determined later.

We, the celebrity crazed population, however have been expecting this divorce proceedings to happen. Around two seconds after their marriage announcement, we’re already speculating as to how many weeks they will last. Statistics will show this to be true.

In a poll conducted by the webiste Vizuble: 72% of the 75 respondents said the divorce would occur this year.  29% of the respondents even called the exact six month time period in which the divorce would happen.  Only and optimistic 9% of respondents thought the marriage would last into 2007 or later.

I guess Madonna can now take a breather as the garbage scouring media turns their spolight to this new circus. We can now forget about the adopted Malawian boy and whether a law was “skirted” in favor of a pop star desperate for an image makeover.

OK Britney, now we wait for husband no. 3. But the question on everyone’s mind is: will Justine Timberlake enter the picture again?

[Will Britney win custody of her two kids? Will Britney apply the Federline last name to her kids? All Britney props and betting odds only at Bodog. Where there's show biz trash there's a Bodog odds.]