well, at this point I don't think I will say something that wasn't already said.
the red banner looks stupid and cheap.
as much as I appreciate the whole 'fashion-sketch' vibe, I was expecting much more from M&M, who can do A LOT better than this. if they went for the body shot, why the lower part of the dress is being cut in such strange way? I think it'd look much better if the pic was taken from the hip level up.
I don't mind the dress, although it's nothing extraordinary, but hey, at least it's not another McQueen's feather dress - that would just make me sick (and don't get me wrong, I quite like it, but it's already E V E R Y W H E R E).
as for Gaga, this does nothing for me. she already had so much good photos taken that cover like this is a bit disappointing. but, as it's US VOGUE, it's quite shocking for them to make such unexpected move and I appreciate that.
and I gotta admit, I already fantasise about thickness and weight of this issue and can't wait to get it!