I love the shape of Gaga, the length, the curve of the dress, that halo of hair. Someone said it looks like a drawing, and it does, which could be why I like it so much. It really does evoke a fashion illustration - the exaggeration of the human form and the garment itself, that hurried quality of getting all of the detail down.
I hate the red banner, but I love the rest of it quite a bit. It's also amazing how doing something as simple as shooting a full body photo instead of a portrait can make all the difference.