I have a DVD of Malena (sadly, the sanitized US version, not the full European release) but I don't remember this song at all. It was only after Josh Groban's CD became a hot seller here this year (Filipino music fans in general love "tunes", especially the melancholy and romantic ones) that I noted it. Maybe staring too much at Monica Bellucci's big forehead
messed up my musical memory chips. The only Morricone tune I remember is the one from Cinema Paradiso.
I was beginning to suspect you younger folks found it too syrupy.