Madonna at the W.E photocall. Photo: PA
We say demure, but let's be honest - that cleavage-flashing, keyhole neckline is verging on risque (or for a more technical way of putting it, she has mastered the art of 'peek-a-boob', a la Nicole Scherzinger).
Madonna teamed her navy blue shift with her recent red carpet staple, a pair of fish-net tights and peep-toe pumps and as for the hair and makeup, side-swept curls and pink lipgloss completed her look.
The director was joined by star of the film, Andrea Riseborough who gave us another example of her sartorial style in high-waisted trousers and a cream blouse. We knew there was a reason why she's in our ones to watch of 2012 list.
Andrea Riseborough. Photo: PA
So how do you rate Madonna's latest look? Fashion faux-pas or fabulous figure? Let us know and take a look below to see the Material Girl's style evolution.
Are you a fan of Madonna's cut-out shift dress? Shop the style below at MyDaily Store: