"Madonna is coming, everyone; Madonna is here," Parker Posey yelled as she made her way down the red carpet last night at the Museum of Modern Art, where the Cinema Society and the Weinstein Company were hosting a screening of Madge's new film W.E. But Posey needn't have bothered. The barrage of camera flashes and screams of fans more than sufficed to announce the blonde one's delayed arrival. "I've been a huge fan ever since I was a little girl," Chloë Sevigny gushed. Patti Smith, Valentino, Donna Karan, and Julian Schnabel were also in the crowd. Before making her way into the screening room, a Roberto Cavalli-clad Madonna told Style.com how the idea for the melodrama, centered around the 1930's affair between Wallis Simpson (Andrea Riseborough) and King Edward VIII (James D'Arcy), came about: "It's a really long story, but it's something that was cooking in my brain for a long time," said the Material Girl, who confirmed she would continue doing films. "I was living in England and had an obsession with the royal family, starting with Queen Victoria, and also I was very interested in pre-war England." During his introduction, Harvey Weinstein said, "If Joe Smith had made the film it would still be heralded," to which Madonna politely replied, "Thank you, Harvey, but I would never want to be Joe Smith." Not hardly. The pop superstar has just been confirmed as the Super Bowl half-time act. Later, as MoMA PS1's Klaus Biesenbach walked into the Piaget-sponsored after-party at Crown, he asked Weinstein, "Are you happy?" Weinstein's response: "Yes, Patti Smith got up and gave her a standing ovation."—Kristin Studeman read more..