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Gwyneth Paltrow was immediately praised by E! News' style team when she hit the red carpet at the 2012 Academy Awards. The actress wore a long white Tom Ford gown complete with a cape!

OK! GALLERY: BRAD PITT, ANGELINA JOLIE, GWYNETH PALTROW & MORE LATE ARRIVALS AT THE 2012 OSCARS RED CARPET

It takes a real super star to pull off wearing a cape, but we think Gwyneth may have done it!

To simplify her look, the Contagion star wore her hair simple in just a low ponytail and one sparkly cuff bracelet.

OK! GALLERY: OSCAR-NOMINATED STARS ARRIVE AT THE 2012 ACADEMY AWARDS RED CARPET!

Gwyneth presented the award for Best Documentary with her Iron Man co-star Robert Downey Jr. during the Academy Awards.

Even when Gwyneth was scolding RDJ for filming a live documentary on stage, she still looked hot in her white gown!

We really love this look! Do you?

Should Gwyneth win Best Dressed of the 2012 Oscars?

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