UPDATE: K-Fed's divorce lawyer claims, "There is not a sex video of Kevin and Britney in existence." Brit's reps had no immediate response.
After sending her career into the toilet with her marriage to K-Fed and birthing two of his spawn, Britney is apparently trying to rescucitate it by ditching her backup dancer hubby, possibly preempting him by releasing the sex tape, partying with satyr sweetie Paris, and, perhaps, pondering a Vegas comeback a la Elvis. Does the pop princess still have it? With her latest choice of friends, she seems to realize that Malawi Madonna is no longer a muse to immulate but possibly to immolate. After getting some career intervention from her mom, it appears that she may be ready to reassert herself on the contemporary cultural stage with former Mouseketeer mates Christina and Justin.
Cf. http://www.stuff.co.nz/stuff/0,2106,3873170a5620,00.html; http://www.tmz.com/2006/11/20/britney-hangs-with-paris-drops-pants-in-public; http://www.reviewjournal.com/lvrj_home/2006/Nov-08-Wed-2006/news/10688806.html; and http://www.imdb.com/news/wenn/2006-11-16#celeb7.