Celebrity Fashion Lines: The Demise of the 'Real' Designer?

The 'celebrity perfume' phenom seems like its been around for ages, but the recent furious increase in 'celebrity fashion lines' (think SJP, the Olsen Twins, JLo, Kate Moss, Madonna, Kylie Minogue....Oy it gets tiring just typing the masses in) has some critics questioning where this leaves the 'real designers'?

The NY Times featured the topic in today's Style section, check it out!

Thoughts?? Much as I love MK and Ashley (and the new 'Row' line), I gotta admit that the whole thing (more-so the Madonna/Kate Moss/H&M/Topshop bit) does seem like a bit of a celebrity wash. Some lines appear solid like 'The Row', others seem just lame, such as SJP's 'Bitten'. The fact that celebrities have so much more financial capital to build upon and the tails of their success, seems to give an unfair advantage in an extremely cut-throat and competitive arena. Is fashion going the way of pop music? Are we selling out in some way? How much of a free-market approach is 'too-much' when it comes to the creative arts like fashion?

It appears to me that too often money is driving fashion rather than talent.