I intensely dislike the last look (and her general recent attitude) because what made her great to me was how natural she was in her rapport with the most rarefied forms of fashion.
I remember in the Secrets of Haute Couture documentary she described a gorgeous couture outfit she was wearing and added without any conceit or arrogance that it was 'nothing special, really', as if wearing extraordinary outfits was as much part of life as taking a bath.
This candid attitude, this sense of effortlessness, this innocence if you will has completely disappeared from her. She is now putting on a show and trying nearly as hard as Victoria Beckham (a comparison it really pains me to make).
The last look looks so forced, because it has that straight out of runway vibe, instead of the 'Oh, I'm just running errants' vibe she used to have.
Luxx says she is being herself, well, while I don't know her, it seems to be she has been very unlike herself, and I agree with EvaIntl that the new Daphne looks unwell and quite sad.
OK, rant over.
On a strickty aesthetic point of view, that dress and belt combo is amazingly gorgeous.