Socks and Sandals - Faux Pas or So Hot?

This debate has been going for some time now. Is it really ok to wear socks with sandals? We've seen looks like this on the likes of Gossip Girl, Sex and the City, and (I believe) The Hills/The City. Burberry has had the look on their runways in 2008, 2009, and 2010. So have Marni, Sonia Rykiel, Givenchy, and Dolce & Gabana during various seasons.
The look, when done right, can be very cute and trendy. I think there are, however, a few key things to remember when trying it out:

1. Stick with chunky sandals. Check out the ones below. Wedges are nice, and platform, or wooden heels are great too. Leave the dressy and skinny-strapped stillettos out of this.
2. This is really a casual look, not to be paired with evening attire. Fun sundresses, skirts, or pleated shorts work well with this.
3. It DOES matter which socks you choose. Unless you are a 2-year-old, a stripper, or a runway model, avoid the fold-over socks with the lace around them. Try a sheer sock in a tone matching the sandal, or a brightly colored one coordinating with your outfit.

I'd love to get your opinions on this trend. Faux Pas? or So Hot?
Post your comments below and send pics of your versions as well!