Madonna has finally jumped on the bandwagon of adding “fashion designer” to her list of talents. About time! Everyone is doing it already. But it’s never too late to start. The 51-year-old pop icon might just take the fashion world by storm as she works with Iconix Brand Group, Inc (with labels like Candie’s and Badgley Mischka) to launch her own label MG Icon.

Dianna Agron stepped out looking like a glamorised Glee goddess at the 2010 Vanity Fair Oscar Party. Her Glee co-star Lea Michele sported an all black ensemble while she opted for an ivory gown with gold accents and a sexy bodice that accentuated her figure. Which Glee star looked hotter?

This iconic Friends star is certainly a trend-setter. Remember her signature hairstyle on friends with the sweeping bangs that covered one eye in the 90s? 41-year-old Jennifer has never failed to impress with her elegant and sexy style. Now, her fans can even smell like her (or make their girlfriends as fragrant as Jen).

Charlie’s Angel Cameron Diaz sparkled in her Oscar de la Renta gown at the Oscars red carpet. The 37-year-old star then dressed down at the 2010 Vanity Fair Oscar Party. Just curious, do you guys think she still has the “it” factor or has it faded?

Tell us if her style-o-meter is still sizzling or fizzling?

Oscar nominee Carey Mulligan had interesting embellishments on her Prada gown. If you look closely you’d spot charms in the shape of knives, forks and even scissors. We adore her wispy barely-sweeping-the-shoulder Fred Leighton earrings.

Were you charmed by this 24-year-old star?

Hilary Swank was well...swanky indeed with a neckline that plunged to her belly button at the 2010 Vanity Fair Oscar Party held at Sunset Tower Hotel. She donned a Solange Azagury-Partridge Supernova 18 ct blackened white gold and diamond ring and a Charleston diamond pendant. This Million Dollar Baby had competition in terms of long flowy dresses with deep plunging V-necks. Vanessa Hudgens was equally striking in her ebony Jenny Peckham glittery gown.

The glitzy-glamorous gowns at the Oscars were more than stunning. See our gallery of fabulous red carpet dazzlers as worn by presenters and the winners. The gowns were mostly big and ruffly. See your fave stars sizzle in their custom made outfits and tell us which outfit you liked the least.

Dita Von Teese was all dolled up as usual at the Cointreaupolitan Cocktail Party in Milan. The dark haired burlesque babe Tweeted the inspiration behind her fashionable get-up for the gathering: “The look for tonight is 1950s fetish Barbie shops at Dolce & Gabbana in Milan then goes out for a Cointreaupolitan.”

It sure looks like racy lace is the way to go when promoting cocktails. Was this ensemble paired with lace heels a hit or a miss?

We’re not sure why Mena Suvari opted for a mop-looking hairdo that covered her pretty face. The American Beauty star wore a pink satin dress with flower-like ruffles at the 3rd Annual Women In Film Pre-Oscar party. We say drop the mop for some style points, what say you?

Oh~ lala James Franco cleans up really well. The Spider-Man star sizzles in a clingy wet T-shirt in the Gucci by Gucci SPORT pour Homme print ad. It is better than another run-of-the-mill shirtless ad as it leaves something for the imagination.

Watch James Franco’s spoof of his earlier Gucci Pour Homme fragrance TV commercial here. How hot is James in the ad?

This Dancing with the Stars contestant decided to spruce up her look at the DJ Night hosted by Vanity Fair and Hudson Jeans by switching up her hair hue to silver with lavender hint. Kelly added some edge to her feminine floral dress by wearing a leather jacket. We’re not keen on her peek-a-bra approach, what say you?

Classy or trashy?

Mariah Carey is not exactly a fashion icon. Stars like Lady Gaga and Rihanna have taken the limelight in terms of inventive stage wear. However, this gold and ruffled number is a rather nifty gown because it is retractable. Or so it seems. One moment it is sweeping the floor and the next it transforms into a short sexy dress. Would you wear this?

Fight Club pretty boy and lead singer of 30 Seconds to Mars, Jared Leto, recently chopped off his high flying mane. What’s left of his luscious hair is a Mohawk. This new do makes him look meaner but not necessarily leaner. In fact, his face appears rounder after the cut. Hot or not?

The O.C star Mischa Barton, who has had esteem issues which caused a meltdown leading an involuntary psychiatric hold at Cedars-Sinai last year, is telling her pals that her new blonde hair will see her making a comeback from old troubles.

The 24-year-old actress wearing this new hair-do believes that a lighter colour will have her climbing that Hollywood career ladder once again. A source close to Mischa shared: “Mischa is starting over and her new look is part of that. She is in talks over a number of acting projects including one major movie.”

Hot or not?

Oooh... Leona Lewis looks like some sort of superhero in this outfit. If Leona were a hero of sorts, what would she be? Ms. VocalVixen? It would be quite hard for this crooner to do any major physical feats in this gown, she might just trip. In fact, walking might be quite a task for her.

Red was a good colour for the Love Ball held at London’s Roundhouse in support of the Naked Heart Foundation. She wore a William Tempest dress and bangels by Alexis Bittar. Hot or not?