I'm pretty disappointed to be honest. I thought their last couture collection was a nice break from tradition, and with spring they really seemed to hit their stride. This collection is definitely a stumble, though.
But quite frankly, I don't see how this is any more hideous than the stodgy, dated, D.O.A. socialite crap that was Valentino's stock in trade. They may be polar opposites, but they're both pretty unappealing from where I'm sitting. At least this is somewhat in tune with where fashion is right now which, regardless of how poorly it's been conceived, iss more than you can say of Mr. Valentino's couture.
They'd be smart to stick with the vision of Valentino that they sent out for spring. It was a good balance between the spirit of the house and the spirit of the times.