Hello! Magazine has a new interview with a supposed insider in the Britney and Kevin circle, and it paints Kevin Federline as such a changed man and a great guy that I got the impression it was one of his friends. It’s possibleHello! fabricates insider quotes like the stateside rags, but they’re so classy about it that I was convinced they were authentic quotes from someone close to the situation. There are a lot of details about their relationship along with Britney’s decision to hand over full custody of her two children to Kevin. It sounds like things are picking up for both of them and they might even have a chance at reconciliation, according to this anonymous person. What’s more is that Britney’s father’s conservatorship ends this week, on July 31. While it’s thought that it will be extended, it’s possible that the conservatorship will end and she’ll legally be responsible for herself again. Jamie Spears has moved out of Britney’s mansion and is now living in an apartment, which can be taken as another sign that Britney is doing well on her own:

Why did Britney agree to Kevin having sole custody?
Sources close to Britney tell me she didn’t have much choice. Because she is still under her father Jamie’s conservatorship… there was no way a court would ever grant her legal and physical custody of her children. Still, it was a difficult and agonizing decision for her. However, in the end, she knew what she had to do.

“She’s seen the kids at Kevin’s house and knows how happy they are there,” says one of her intimates. “They’re living in a stable and secure environment. She doesn’t think it fair to pull them from it. Plus, she wanted to avoid the spectacle of a full-blown custody trial…”

Is there any chance they could get back together?
Yes. In fact, Kevin has been trying to encourage Britney to move closer to him and the boys – he lives in a seven bedroom mansion in the San Fernando Valley… Britney has said that she would not be surprised if she and Kevin began dating again because, as she put it to one of her intimates “I never stopped loving him. I just stopped liking him. And now I like him so much more than before.

For his part, Kevin hasn’t dated anyone else since his marriage ended. “He still loves Britney,” says his friend. “I think they could find their way back to one another…”

What prompted the transformation in Kevin?
Recently, Kevin told me: “The guy I once was no longer exists. The man you see before you is the guy I want my kids to emulate. Nothing is more important than the example I set for my boys… K-Fed… doesn’t exist any more…”

Who can be credited with practically saving her life?
“Britney, of course, had to do all of the really hard work,” said one of her friends. “It was a terribly difficult journey. No one will ever understand the emotional depths to which she plummeted. It was so hard pulling herself out of it.”

That said, there’s little doubt that Jamie Spears is largely responsible for spearheading her recovery….

“Today, she sees the wisdom in everything he did for her. ‘I want to be for my kids exactly what he has been for me,’ she told me.”

Jamie’s co-conservatorship is set to end this week, but most people in Britney’s circle believe it will be extended. However, Jamie recently moved out of his daughter’s home and into an apartment of his own, suggesting that he is comfortable with the way Britney has been progressing.

[From Hello! Magazine, print edition, August 5, 2008]

Hello adds that Britney is working on her new CD, which will be out in 2009 and that she’ll tour for it. Her lawyer, Laura Wasser, says she ultimately wants joint custody of her children.

It’s doubtful that Britney and Kevin will get back together, but at least they’re not fighting and it sounds like they’re working together to make a good life for their boys. The insider claims that K-Fed does not talk smack about Britney to them and that he “always preservered their image of ‘Mommy’.”

Britney is currently on vacation in Mexico and looks like she’s having a great time. She is quoted in Hello as telling a neighbor “Things really are changing for the better, aren’t they?”

Britney is shown on vacation in Los Cabos, Mexico yesterday. Credit: Splash News