Not at all surprisingly, the Internet is responding to the news by making jokes, trying to guess what The Jake Song will be called and helping write lyrics for The Jake Song. Edith Zimmerman over at The Hairpin says the song will be called "Two Blankets" and feature the lyric "Jake, whose blanket would you choose? Death's, or mine?" which, best lyrics of 2011 so far.
But in all seriousness, I have some advice for Taylor Swift: Do not write The Jake Song.
Breakups are never easy, but don't use songwriting as therapy on this one. You and Liz Rose can come up with some other ideas — you're a great team! Don't write a song that the Internet has already written a million parodies of. Just don't. Take a step back and work through this. Sit in your bird cage and watch some TV. Maybe meditate, or try Pilates. Or, if things get rough emotionally, and you need some "Tay time," try laughing alone with a salad. I hear that works wonders.