After spending the last few months dating musical diva Whitney Houston, it appears Ray J has moved on with none other than Lil Kim.

The two were spotted over the weekend in Ray’s new Ferrari, which is rumored to have been purchased with some of the cool million Ray pocketed for the Kim Kardashian sex tape.

The pair arrived hand-in-hand to the Vibe Magazine pre-Oscar party at Area Nightclub in Los Angeles. Kim K. was also at the party, but made her exit after Ray-J and Lil’ Kim arrived.

The new pairing comes just a week after Ray-J was seen getting cozy with Whitney in Las Vegas.

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