I am a huge Helmut Lang fan, he's what really got me in to fashion and my first designer pieces were Helmut Lang. I cherish those items now, but unfortunately I don't have many since at the time my price barrier and access to the brand was very limited.
As others have said, I'm terribly disapointed at how this has panned out, I know they are going for a new consumer, but why pay so much for a name that your target consumer won't recognize?
But still I'm interested to see what they come up with, if it's good and I can get some basics that fit like old helmut lang I might buy them.
Unfortunately, I don't really see Helmut Lang, or Jil Sander for that matter, getting back into the fashion business. They seem happy where they are, and I can imagine not wanting to build a brand from the bottom up TWICE in one lifetime.