Oscars 2012: Michelle Williams' red hot dress vs. yellow of yesteryear

michelle-williams-oscars-2012-2006.jpg Michelle Williams' 2006 canary yellow Vera Wang dress and red lipstick combo drew tons of buzz when she was nominated for her role in "Brokeback Mountain." It still gets brought up in plenty of Best Dressed (and Worst Dressed) lists to this day, so it's no surprise that her 2012 Oscar look was highly anticipated.

This year, Michelle killed it in a Louis Vuitton dress with a structured, backless bustier and a tiered skirt. She accessorized with an adorable bow brooch and a pink clutch, which gave the whole look a touch of whimsy that we're sure her daughter Matilda would appreciate.

Of course, she brought along her favorite good luck charm -- BFF and "Dawson's Creek" co-star Busy Phillips.

We can't wait to hear what you think about the dress, which looked red on camera but appeared to be a more pink or deep coral in person. Do you prefer this look to her 2006 look? Drop us a comment below and let us know which was your favorite!
Photo/Video credit: Getty Images