Jennifer Lopez Oscars Dress 2012: A Little Too Sheer? (PHOTOS)

Considering she wasn't nominated for anything and seemingly had nothing to do with movies this year, Jennifer Lopez sure made a splash on the Oscars 2012 red carpet.

In typical J. Lo fashion, there was a lot going on: super voluminous hair, super shiny, super low-cut... and super sheer.

Lopez's silvery, long-sleeve Zuhair Murad dress got noticed on the red carpet... then got even more attention onstage. She and Cameron Diaz (also wearing a pale, shimmery gown by Gucci) presented the award for Best Costume Design and in doing so, demonstrated just how important good design can be.

As Jennifer shifted position onstage, we could have sworn we saw a hint of nipple... perhaps just an outline. As a nearby male viewer assured us, "Oh yeah. Edge of the areola."

But don't take our word for it -- it could just as easily have been a shadow. In any case, what did you think of Jennifer's look, from the mega hair to the deep v-neck?