Rumours have been floating around the inter webs all day about Twilight star Kristen Stewart and the allegations that she cheated on her co-star boyfriend Robert Pattinson with the director of her new movie Snow White and the Huntsman.

Up until a few minutes ago, this was just a rumor. Now, Stewart has issued a statement confirming the rumors and apologizing to her boyfriend. In the statement she said, “I’m deeply sorry for the hurt and embarrassment I’ve caused to those close to me and everyone this has affected. This momentary indiscretion has jeopardized the most important thing in my life, the person I love and respect the most, Rob. I love him, I love him, I’m so sorry.”

Cheating is wrong, but do you give her credit for coming clean? Check out the full story at People.com

UPDATE: Stewarts lover, director Rupert Sanders, happens to be married and on serious damage control. Check out his statement at PerezHilton.com