NICOLE KIDMAN has been watching TAYLOR SWIFT's rise to fame over the past few years, and she's glad to report that Taylor is very deserving of all the attention she's getting right now. In an interview with MTV News, Nicole says, quote, "Having met her and seeing her over the past couple of years really become a phenomenon -- she so deserves it. She's a honey bun." Taylor has toured with Nicole's husband KEITH URBAN quite a bit in the last year. Nicole is doing some singing of her own in the new movie musical Nine, opening Christmas Day.