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Not even 48 hours after his ex-wife, Britney Spears, checked out of the UCLA psych ward, where she was being held for treatment of her apparent bipolar disorder, Kevin Federline announced that his new reality show will be put on hold.

Yes, Kevin Federline had a new reality show in the works.

The E! show was set to “document the life of single, working dad.” Which is odd, since we assumed it would be about Kevin Federline.

But seriously folks. K-Fed may be a failed rapper, but he has shown maturity in staying out of the limelight during Britney’s meltdowns and keeping their sons Sean Preston, 2, and Jayden James, 1, out of the public eye as well.

FedEx also has a daughter Kori, 6, and a son Kaleb, 4, with Shar Jackson.

“His plans are on hold because of the Britney situation. He had planned to do it, but not now,” a source close to the Kevin Federline told E! yesterday.

This would be K-Fed’s second venture in reality TV, the first with Britney Spears on the UPN’s Britney & Kevin: Chaotic, which aired in 2005.

Federleezy also has TV credits that include a funny Super Bowl ad, a guest spot on CSI, a stint on One Tree Hill and a memorable turn as a WWE wrestler.