Has she picked her dress yet? Womens Wear Daily asked designers to send in sketches of what our new First Lady should wear on Inauguration Day. Isaac Mizrahi, Monique Lhuillier, Carolina Herrera, Badgley Mischka, Karl Lagerfeld, Diane Von Furstenberg, even Betsey Johnson (oh please no, Michelle) submitted designs. From WWD:

Just about everyone yearns to dress Michelle, who could raise the profile of American fashion around the world. Yet with the exception of Maria Cornejo, her current favorites, as well as a few majors, declined WWD's request for sketches. Some are loath to presume to offer unsolicited advice, while others, it seems, are definitely in the Inaugural sweepstakes and prefer, or have been asked, to keep their participation low-pro.

(Photos via here.)
My favorite inaugural “power gown” was the one worn by Jackie Kennedy in 1961. You know, that Oleg Cassini in ivory satin. It's kind of unsexy and body-cloaking by today's standards, but she looks amazing in it, classy, clean, and not unlike Princess Leia (who she predates). 

LA Weekly