I really don't like this look very much.
The dress is lovely -- especially the top part, which is adorable. However it doesn't seem to fit quite right on Emma, and it doesn't flatter anything on her body. It seems too big, and I agree when you guys say it would probably have looked better on a taller woman.
And the shoes aren't helping. :\
The only thing I like about this look is her hair and makeup, but even then, it's a look we've seen from her many times already. She should lighten her eyebrows, and get her hair recolored. It looks orangish blonde-brown (I should know, I've had this problem before).
I really like her, but her outfits can be so bleh!