ok ... Nicole is a fashion icon, whether anyone likes it or not. yes, she may have mangled her face, but she is an icon. period.
ALSO -- the movie did NOT tank. in America, yes it did. but internationally?!? hell no, unless you consider a Worldwide gross of $186,969,498 (and counting...) tanking. sure, it isn't going to turn a huuuge profit, but it certainly isn't going to lose money, so it hasn't tanked. period.
and YES, perhaps it's a bit of Obama overload with the covers this month ... but it is a MOMENTOUS occasion. the magazines want and need to be a part of that history. there is NOTHING more relevant right now than the American's new president.