Lena Dunham Emmys 2012 Dress: Love It Or Loathe It? (PHOTOS, POLL)

PHOTOS: Lena Dunham's Questionable Emmys Look

Between her new haircut, her still-rising status as a fashion star and her multiple nominations, Lena Dunham was one of the most highly anticipated stars on tonight's Emmys 2012 red carpet (at least, one of our most highly anticipated stars).

So when she stepped out on tonight to chat with E!'s Ryan Seacrest, we held our breathe... and then exhaled in partial relief. Her new 'do, a trendy pixie cut, looked perfectly coiffed -- super chic. Her makeup was all smoky eyes and nude lips, which never gets old. And her Prada dress... well, that's where we ran into troubles.

The gunmetal gray was sophisticated as was the lace. But there was something about the high-waisted cut that struck us as unflattering. We've all seen Lena naked so we know there's a great body hiding under there somewhere.

Check out Lena's outfit for her big Emmys debut. Do you love it or loathe it?

lena dunham emmys 2012

lena dunham emmys 2012

See the rest of the Emmys 2012 red carpet fashion!

Lena Dunham in Prada

Red Carpet Style At The 64th Annual Primetime Emmy Awards

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