Sandra Bullock Moves On

Sandra Bullock has just finalized the adoption of her son Louis.  

The beloved Oscar®-winner appears on the cover of this week's People magazine and says she is happily moving on after a nasty split from her cheating husband Jesse James.  

"We have both moved on with our lives and only want the best for each other," Bullock tells People.  

Bullock is said to be treasuring every second with her 8-month-old son. "She is so in love with her child," a source close to the actress says. "She seems really happy, hanging out with Louis and feeling more grounded."

James moved to Austin to be closer Bullock and he still seems to be holding out hope for reconciliation.  

"In a perfect world he wants Sandra to be back in his life how things were before this mess," said the source. "I don't think he's giving up."

But James isn't sitting at home waiting. He shared a cozy weekend in Las Vegas with Kat Von D, a tattoo artist and star of the TLC reality show LA Ink.

A representative for Von D says the tattooed pair are "just friends."