Looks like the rumor that Madonna will be involved with New Moon is only partly true–and the part that might be true is still up in the air:

Widespread Internet chatter that Madonna may participate in some capacity in the Twilight sequel, New Moon, may be only partly true, a source close to the production tells EW. Summit Entertainment, the studio behind the movie series, has no plans to cast the pop star and sometime actor in New Moon. However, because Madonna’s manager, Guy Oseary, is a producer on the project, there is some talk of her providing songs for the sequel. Still, no deals have been made yet, and the plans haven’t progressed beyond the that’d be cool stage.

‘Twilight’: Madonna won’t appear in ‘New Moon’ but may provide songs

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