Sad news this AM … People magazine is reporting that the presumed happily engaged couple made up of Desperate Housewives‘ Nicollette Sheridan and Light Rock crooner Michael Bolton have decided to amicably call off their engagement and end their seemingly endless relationship (the couple got the party started back in 1992) … they’re dunzo, y’all:

Nicollette Sheridan and Michael Bolton are again going their separate ways, a rep for the actress tells PEOPLE exclusively. “Nicollette Sheridan and Michael Bolton have amicably ended their engagement,” said Nicole Perna. “They appreciate your respect for their privacy in this matter.” The couple’s relationship originally started in 1992, and lasted for five years. The musician, now 55, and the Desperate Housewives star, 44, then resumed seeing one another in 2005 – and in March 2006 had announced their wedding engagement.
This is a bummer … not that I really thought about Sheridan and Bolton much as a couple (if at all) but when I did see them together, I thought they made a pretty great couple … but I guess no longer. Well, the couple managed to patch things up after their last break-up so it’s possible that they may find their way to one another again … I guess we’ll see. Sad, tho.

