'J.Shore' Rumor Update: JWOWW Not Engaged, Just Making Promises

Yesterday we reported that JWOWW and her boyfriend Tom Lippolis were engaged (even though we didn't believe it ourselves), but it turns out the gossip pros got it wrong! The two are just happily dating. According to RadarOnline.com, the big and shiny rock that Miss WOWW's been sporting on her fourth digit is a promise ring she's been wearing for a while.

"It's just a commitment ring," JWOWW has said. "It's part of a $22,000 set my boyfriend got me for Christmas -- a ring, necklace and earrings. I got him a ring with diamonds, too."

Lets say it all at once: Phew!