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Kevin Federline and his young sons Sean Preston and Jayden James appear on the cover of People magazine, available on newsstands this Friday.

K-Fed and Britney Spears split in 2006 and went through a nasty court battle over the custody of their sons. The boys live with their father and spend time with their mother several times a week. The People interview sheds light on how vastly improved the situation has become over the course of the last year.

Kevin reports that “things have totally turned around. The kids have structure at both homes. We try to keep the same type of schedule. It’s not completely perfect but the foundation is there.”

Britney is busy launching a new album, Circus, and resurrecting her career. She will begin a tour in 2009, reportedly accompanied by both of her parents.

Check out Britney’s Glamour photo shoot here. See Kevin and his boys below – click to enlarge.

Check out the entire People interview here.