Update: Well, folks. It looks like we may have been duped again. The Daily Mail and BBC's royal reporter Peter Hunt are both denying the rumors. Oh well, we just want Pips to be happy!
According to an Us Weekly "exclusive", Kate Middleton's little sis' Pippa is engaged to beau Nico Jackson!

If the news is true, the exciting engagement comes just before the holidays! The dashing couple is also supposedly planning for 2014 nuptials, only a few years after the Duchess of Cambridge herself walked down the aisle to Prince William!

Could this mean that adorable little Prince George will have a cousin in the near future? We can only hope!

Click through the gallery above to check out Pippa's style transformation!