Tonight, prior to the airing of the Academy Awards, on E! where you can watch the red carpet extravaganza and catch sneak-peeks or glimpses of your favorite Hollywood stars!

Well one of the noted names in fashion – Jay Manuel counted down the 5 Best Dressed ladies of the decade and Ms. Cruz’s 2007 exquisite gown was named with the No. 1 spot!

I finished JUST in time for The Oscars and look how gorgeous she is. There’s only one that isn’t uploaded (A Press Conference) and I’ll do that a little later. So here are the newest additions.

Gallery Links:
- Appearances in 2010 > Calvin Klein Collection’s Special Evening & Cocktail Party
- Appearances in 2010 > Goya Awards 2010
- Appearances in 2010 > “Nine” Paris Premiere

I saw the new promo for this just a couple of days ago and guess what… it includes Penélope!

She (and other 2010 Academy Award Nominated stars and directors will be shown) will be interviewed by 2002 Best Actress winner, Halle Berry.

So make sure you tune in at 10 p. EST on ABC for Oprah Winfrey’s Oscar Special.

Woooo the good news just keeps on rolling in. So expect red carpet images, screencaptures, and media clips.

This just in from The Hollywood Reporter!

Cruz, Penn and Winslet to present at Oscars

Last year’s three living acting Oscar winners — Sean Penn, Kate Winslet and Penelope Cruz — have all booked return visits to the 82nd Annual Academy Awards, where they will appear as presenters.

Cruz, who took home the supporting actress Oscar last year for “Vicky Cristina Barcelona,” has an added reason to show up since she’s nominated this year in the same category for playing the seductive mistress in “Nine.”

Penn earned the best actor Oscar last year for “Milk,” while Winslet was crowned best actress for “The Reader.”

Last year’s fourth acting trophy went to Heath Ledger posthumously for his performance as The Joker in “The Dark Knight.”

The Oscars will be broadcast live by ABC from the Kodak Theater in Hollywood on March 7.

Well… well… well… remember that post I made about Ms. Penélope possibly being in talks for the upcoming “Pirates of the Caribbean: On Stranger Tides” film alongside Johnny Depp? Well, it looks like things just got very interesting. Here’s the latest information on that front.

Penelope Cruz is in negotiations to join Johnny Depp and sail the seven seas in “Pirates of the Caribbean: On Stranger Tides,” the fourth installment of the movie series being directed by Rob Marshall.

Depp is reprising his popular role of Captain Jack Sparrow, and while plot details are buried deeper than Blackbeard’s treasure, it is known the tale revolves around the Fountain of Youth.

Cruz’s character details are also being kept secret, though she is to be Sparrow’s foil and equal in many ways.

Terry Rossio and Ted Elliot wrote the script. Jerry Bruckheimer is producing.

For Cruz, the role reunites her with Marshall, who directed her in “Nine.” Her performance garnered her an Oscar nomination in the best supporting actress category just last week. She won the Oscar for best actress in a leading role for 2009′s “Vicky Cristina Barcelona.”

“Pirates” will set sail before cameras in Hawaii this summer. Disney plans for a May 20, 2011, release.