While we hungrily await (and/or remain anxious about) the final version of “Give Me All Your Love,” the lead single off of Queen of Absolutely Everything Madonna‘s upcoming twelfth studio album, a new song has just arrived to briefly satiate the cravings–and it’s a “Masterpiece.”

The brand new ballad, which leaked in low quality yesterday, will be featured in Madonna’s upcoming film, W.E. The track was co-penned by Julie Frost and Jimmy Harry, who’s penned everything from Kylie Minogue‘s “Put Yourself In My Place” to Britney‘s “Touch Of My Hand.”

“And I can’t tell you why/It hurts so much/To be in love with a masterpiece,” Madonna croons. While it’s difficult to fully appreciate the production on this William Orbit-produced ballad because of the low quality leak, the song’s minimal beat and lush, sweeping strings sound immense so far. Plus, Madonna’s vocals are absolutely lovely!

The track also gives me some “To Have And Not To Hold” vibes, one of the album tracks included on Madonna’s impeccable 1998 release, Ray of Light (and another Madonna/Orbit production.)

Nothing fails when it comes to Madonna and balladry, and “Masterpiece” is no exception: I love everything about this–from the lyrics (“From the moment I first saw you/All the darkness turned to white/An impressionistic painting/Tiny particles of light”) to the gorgeous, understated instrumentation.

I’m SO excited to hear this one when it’s released properly!

EDIT: A 13-second clip of the final version has surfaced, including a taste of the full orchestra. If the rest of the song plays this beautifully, “Masterpiece” might just be one of my new favorite Madonna ballads of all time.

Madonna’s 12th studio album will be released in 2012. (iTunes)