My daughters LOVE Madeline, and were excited to see this movie. The only issues I have with it were the references to death that are NOT in the books! In the movie, Madeline is an orphan. It works with the story line of the movie, but both of my children have had anxieties about me and/or my husband dying since watching the movie. Also, the benevolent benefactor of the school dies in the hospital while Madeline is there recovering from her appendix removal. Her husband, whom we later learn is simply unsure how to deal with his grief, decides to sell the school. The drama is keyed-up in the movie, making too scary for some young fans of the books.
That said, the film is well-acted and enjoyable, and while I, too, object to the "boobie-baskets" choice, it fits the scene. (The owner has just informed the school mistress that he will be closing the school, and the girls have refused their dinner, sneaking down to the kitchen later they are up to no good.) While I would have preferred that the movie stick closer to the story line of the books, we (my mom, the girls & I) all enjoyed the movie and recommend it!