Emma Stone's Look- Hit or Miss?

Even though she snagged a front row seat at Louis Vuitton's 2011 Fall/ Winter show, I am unclear if Emma Stone grabbed an old bedspread to cover up with because she is cold? What do you think of Emma's look?

I'm loving her berry nail polish and the boots could look cute with a paint of black tights but not so sure about pairing it with this dress.