TomKat didn't have nine lives.

Tom Cruise, 50, and Katie Holmes, 33, settled their divorce Monday,less than two weeks after Holmes stunned Hollywood with the news that she planned to divorce one of the most famous men in the business.

The speedy settlement was preceded by a statement from the soon-to-be-exes: "We are committed to working together as parents to accomplish what is in our daughter Suri's best interests. We want to keep matters affecting our family private and express our respect for each other's commitment to each of our respective beliefs and support each other's roles as parents."

By settling so quickly, Holmes and Cruise avoided a potentially nasty legal battle that could have cast even more scrutiny on their already highly watched seven-year relationship.

Howard Bragman, vice chairman of and a longtime Hollywood publicist, says there are several factors that make the lightning-fast settlement a little less shocking. "Number one: There was a prenup. Number two: Her father is an attorney. Number three: It was in both their interests to resolve quickly. Number four: They both want to move on. And, Number five: There were not that many issues left to resolve, especially if you have a prenup in place."

Now that Holmes is one step closer to being officially single, she is starting over with a fresh slate in both her personal and professional life, all of which should be a positive for her, adds Bragman.

"She's going to be interesting now, she's going to get a boost from this because she looks independent, normal. She fought for her child, and people can relate to her. There is no better launching pad."

And in her second act, Holmes will most likely blend acting with fashion, says Janice Min, editorial director of the Hollywood Reporter and former editor of US Weekly.

"My sense is, her passion is fashion. It's going to take her a while to get her legs back in terms of being considered as just Katie Holmes," says Min. "I could see her doing some interesting cameos on good shows. I could see her doing another hour-long drama. She's not quite as established enough as a major film star to carry a movie, but one day she could be."

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