Vera Wang has an important date tonight in Chelsea, where she'll gather to show fashion editors her first diffusion line for Kohl's. We're anxious to see what she's got, though we know it will be closer to her own style - black, elegant, draped - then to her latest runway collection (at left), which broke so many barriers that everyone got dizzy. Though it won't create the same frenzy as Proenza for Target, it may offer some sophisticated options to older women on budgets, and that's exciting. Meanwhile in Europe, YSL is testing the waters with a capsule collection called Edition 24. Created by YSL head designer Stefano Pilati, the line is called "moderately priced." We think that translates to "still really expensive, like Miu Miu," but we're still excited to see it.