Cycle through news items and display w/ animation

Made in response to: http://stackoverflow.com/questions/7517987/toggle-between-divs-inside-another-div-using-jquery

HTML

<div id="news">         
    <span>Latest News!</span>       
    <div>
        //News 1    
    </div>
    <div>
        //News 2
    </div>
    <div>
        //News 3
    </div>
</div>

JavaScript

function switchNewsItem(){
    $('#news div:visible').fadeOut(function(){
        $(this).next().length ? $(this).next().fadeIn() : $('#news div').eq(0).fadeIn();
    });
};
$('#news div').hide().eq(0).show(); // show only the first news item
setInterval(switchNewsItem, 2000);