PENELOPE CRUZ glistened like a modern-day princess in a custom periwinkle Armani Privé Gown at last night’s Academy Awards red carpet event at the Hollywood & Highland Center in LA.

You be the judge:

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The Spanish “Vanilla Star” actress donned only one of Giorgo Armani‘s evening gowns that were showcased on the red carpet that night, with hers having a shade of blue with off-shoulder straps and a train made expressly for her. Penelope, who won an Oscar herself for her role in Vicky Cristina Barcelona in 2009, was among others who were presenting the awards for the night.

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PENELOPE CRUZ tells Hollywood news that JOHNNY DEPP looks better in a dress than she does! Is she for real?

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In an interview with V magazine, Penelope admitted that not only was her ‘Pirates of the Carribean’ co-star a handsome man (and a sexy pirate), he also made a surprisingly sexy woman:

Johnny wears everything better than I do… He even wore a dress in the movie he did with JavierBefore Night Falls. He wore that dress really well.”

JOHNNY DEPP could easily have been voted Most Popular on the set of the fourth Pirates of the Caribbean’ movie. It seems that just about everyone who worked with the seasoned actor had nothing but good things to say about him.

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Depp was even polite and sweet to the crew, which unfortunately, doesn’t happen all the time with A-list celebrities.

The latest Hollywood gossip‘s been listening to PENELOPE CRUZ gush about being overwhelmed by motherhood. The “Pirates of the Caribbean: On Stranger Tides” star wasn’t expecting to be overly transported by the experience, but Penelope found it to be a “revolutionary experience”,  late nights and all.

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Hollywood celebrity gossip has Penelope admitting:

“Some nights you sleep more, some nights less, but you don’t care.”

All the stars are out and about in Cannes for its annual Film Festival; the event is all about fashion and the big boys debuting their latest flicks. The ever-so glamorous French Riviera festival will last throughout this entire week. By now a lot of the big A-listers have arrived including ANGELINA JOLIE, BRAD PITT, SEAN PENN, JUDE LAW, JOHNNY DEPP, PENELOPE CRUZ.

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