I'm actually LOVING the biker jackets! Wang, Staerk, + Vena Cava are some faves. Armand Basi One did a great interp. as well.
Miuccia Prada really acknowledged the recession as well. Classic shapes, an unobstrusive palette.. way to go, Prada.
Another trend I'm sure we're seeing: chains, heavy-metal, warrior bad-*** female looks. Leather is also amazingly popular, and for a good reason. Texture and proportion are big as well.