I like Anna's version that Diana linked to. It looks elegant on her.
The Nordstrom version gives me pause: when a model looks short, I just gotta wonder. It makes me think, "Don't try this at home!"

Like Angie said, it is a fringe trend, or as I like to think of it a sideways trend. Probably will never become mainstream.
I'm pretty sure ManRepeller has done some variation. Also seen it on La Garconne. I think Nordies is lagging a bit in showing it.
Here are some other examples

http://www.lagarconne.com/atel.....ories.html
http://stylecarrot.com/wp-cont.....-vogue.jpg
http://www.closetfulofclothes......-sweater-s...

I'm probably going to be trying it a few different ways. But yeah it's not for everyone.
Thanks for the shout-out Diana.

I like Anna's link to stylecarrot. Probably because the bottom half is all black and it looks more intentional to me.

Hmmm. I don't think I'm cool enough to pull it off. I would look like Urkel rather than Anna.

I, of course, love it. But it needs the right stage... Like Hipsterville. You can't wear this just anywhere for myriad reasons besides the floods and socks. The colours of the outfit are too crunchy for *like* The Valley, for one thing...

Anna, what do you think of this particular look? Would you tweak and how/why?

I don't have black oxfords, but I'll try something similar with my Aldo brogues, maybe grey socks.
Probably part of the appeal for me is that it is the antithesis of what I saw at the fashion thing earlier this month where most of the women were wearing skinny jeans and heels. Not all fashion needs to be flattering. But everyone has their limits.
Anyways, honestly I think the hipster look is dead/mainstreamed, especially in Seattle. I realized this when I was in Ballard, a former blue collar with a streak of rock-a-billy neighborhood. Now overtaken by fancy condos and apartments. I stopped by a newish bar for a drink while running errands. The young woman next to me, wearing a plaid shirt, skinny jeans and New Balance sneakers; on her wrist, a Cartier Love bracelet and Cartier watch. Her wrist was worth more than my car, new.

Thanks for responding again, Anna! I agree that not all fashion has to be flattering. I walk that line quite a bit. But the price of these pants for the resulting look seems pretty disproportionate. Maybe that is what is bothering me and I just need to get over it. It seems the antithesis of hipster to pay a fortune to imitate norm core, but maybe that's what hipsters have become. It's like paying hundreds for zip-off hiking pants you could get at REI, with no intention of ever hiking. My constant struggle with style and authenticity, I guess. And I should just let it go.

Look forward to seeing another version from you!