Taylor Swift VMA Dress – Hot or Not?

Did you see Taylor Swift last night on the MTV Video Music Awards? I know that Miley Cyrus and Justin Timberlake are getting most of the press, but Taylor looked smoking hot IMHO. She also walked away with the Moon Man for her hit video "I Knew You Were Trouble." She even gave a shout out to theinspiration for that song, although not by name.

Now the bigger question is do you think Taylor Swift's VMA Dress was HOT or NOT?