Considering the starlet is one of E!'s main moneymakers, it almost seems like choice has been made!
BUT there's one other star who would like to join the contenders…
For her strut down the red carpet, Mileybird opted for a not so panty-friendly, skin-tight Omo by Norma Kamali dress with diamond cutouts lining the sides. She finished off the look with black Jean Michel Cazabat heels and Lorraine Schwartz jewels.
Classy with a whole lotta sassy, just like Miley! But when it came time to perform Rebel Yell, Miz Cyrus was in full on punk ruck mode.
Ditching her seksi ensemble, Miley took the stage in a midriff-baring Norma Kamali top, Chrome Hearts leather pants, Alaia boots and a fierce Syren studded leather jacket.
Edgy, seksi, provocative, she can do it all!
Tags: 2012 vh1 divas, azzedine alaia, chrome hearts, jean michel cazabat, lorraine schwartz, los angeles, miley cyrus, norma kamali, omo by norma kamali, rebel yell performance, red carpet, syren, vh1 divas