Could this mean the end of the Katie Holmes rumors? Reuters is reportingMichelle Monaghan has been cast as Tom Cruise's love interest in Mission Impossible 3. She would join Ving Rhames as the only confirmed cast member of the action sequel being directed by J.J. Abrams.

Holmes, the latest love of Cruise's life, was just one of the actors being mentioned for the film. It had been widely reported that Lindsey Lohan, now grown up and resembling a stick-insect, had been openly lobbying for the job. Carrie-Anne Moss and Scarlett Johannson had also been cast but have bowed out as pre-preduction moves along at a glacial pace.