Update: It seems official: Diddy tweeted at 3:30 this morning that he is "juat [sic] married!" but then quickly backpedaled a few hours later to cover it up.

It appears that the world is buzzing about the pending marriage between hip hop mogul Sean "Diddy" Combs and his long-time girlfriend, Kim Porter. Reports are that Combs and Porter are going to tie the knot tonight at midnight. As the author of the book, "Financial Lovemaking 101," I want to give some quick thoughts that came to mind when I heard that Diddy and Kim Porter were going to take that big ol step.

1) The decision for Diddy to marry is a shocker, since he has been a major player on the singles scene for 15 years. It's surprising that Diddy is making this change, but with all the child support he has been paying, perhaps this is going to help his bottom line. At the same time, the financial responsibilities of marriage can put child support to shame, so let's hope that it's the right move for him at this time in his life.

2) Midlife Crisis, shall we? Diddy recently had his 40th birthday. I wonder if this recent benchmark has anything to do with Diddy's decision to get married. Perhaps turning 40 reminds Sean that he's not a kid anymore. Well, the truth is that he's not. Also, a man's testosterone levels drop by about 1 percent for every year he is older than the age of 35, so maybe there's something to be said about having sown your oats.

3) Tiger Woods is in the background of all of this: What really amazes me about Diddy's alleged decision to marry Kim Porter is that Tiger Woods is about to pay over $100 million dollars for his decision to get married to Elin Nordegren. I am impressed that Diddy is committed enough to marry Kim in spite of all that drama. Part of me wonders what the prenuptial agreement looks like. Diddy's not a stupid man.

I wish Diddy and Kim the best. It's clear that they love one another, so perhaps this is the next logical step. We'll see how this one turns out.

Dr. Boyce Watkins is the founder of the Your Black World Coalition. To have Dr. Boyce commentary delivered to your email, please click here.