Tom and Katie's Coming-Out Party

No, it's not what you think, although I wonder if the E! staffer who wrote the article worded it like that intentionally. They had another damn party. They dissed Oprah again. John and Kelly dissed them. Dawson was there though.

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Tom and Katie's Coming-Out Party

Tom Cruise and Katie Holmes traded an Italian castle for the Beverly Hills variety Saturday night, as the newlyweds were feted by some of the most powerful players in show biz at the home of Cruise's longtime producing partner, Paula Wagner, and her husband, Rick Nicita.

Police cordoned off the area around the home in the early evening, threatening the dozens of reporters and video and still photographers with citations if they clogged the streets.

Guests started arriving around 6 p.m., with Mr. and Mrs. Cruise, along with daughter Suri, arriving in a three-vehicle armada of tinted-out black SUVs around 6:40 p.m. Cruise's two children with Nicole Kidman, Connor and Isabella, arrived separately in a Bentley. (The entire family spent the earlier part of the day watching the older kids play soccer in L.A.)

Ostensibly, the party was a celebration for those who couldn't make it to Rome for the couple's Nov. 18 nuptials and a who's-who of Hollywood royalty descended upon the affair in style. Steven Spielberg and Cate Capshaw pulled up in a Bentley, Oliver Stone arrived in a silver Porsche and Orlando Bloom kept it on the down low, driving himself in a yellow VW Bug. Jennifer Lopez and Marc Anthony, who were at the Bracciano, Italy, wedding, turned up for Saturday's soiree in a Rolls Royce. (For exclusive video of the arrivals, check out The Vine.)

Others spotted arriving chez Wagner included Cruise's ex, Penéope Cruz, James Van Der Beek, Derek Luke, Catherine Bell, Diane Sawyer, Larry King, Brian Grazer, former Paramount studio boss Sherry Lansing, Variety's eminence grise Army Archerd, and Last Samurai director Ed Zwick and producer Marshall Herskovitz.

Tents were erected to shelter the 300 guests from the night's rainfall.

The entire affair cost an estimated $400,000, reports E! Online senior editor Marc Malkin.

No word on whether John Travolta and Kelly Preston, who were said to have received an invitation but were no-shows in Rome, turned up for the postwedding bash.

However, Oprah Winfrey, who was passed over for the Italy celebration, also failed to make the cut for the L.A. edition, according to her