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Rumor has it that Kate Hudson and her Butterscotch Stallion are getting ready to settle down. Supposedly, Owen Wilson picked out the biggest ring he could find for his lady, who has been instrumental in helping him get back into a good place after some dark days this past year.

Both stars' reps claim the rumors are untrue, and that Kate is only sporting the giant rock because she's shooting a new film, Bridal Wars. However, as StyleDash points out, this would be a great opportunity for the towheaded twosome to have a secret engagement with a perfect excuse ...

Either way, we really think they're cute together, and they look happy together, so even if they're not engaged (and we kinda suspect they aren't -- one step at a time, folks), we hope they are enjoying a wonderful courtship.

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