The movie toggles "Julie & Julia"-style between the famous story of King Edward VIII's abdication of the British throne for his American lover, Wallis Simpson, and a unhappily married New York woman, whose obsession with Simpson leads to her own scandalous affair.
Madonna's second directorial endeavor was picked up by the Weinstein Company, who must have an affinity for the duo, as they also distributed "The King's Speech."
The film's controversy stems from claims of the royal pair's sympathy for the Nazi cause, which the film apparently dismisses.
Check out the newly released trailer below -- and let us know what you think!
"W.E." is scheduled to hit theaters Dec. 9, 2011.