Nylon magazine has obtained a sneak peak of Mary-Kate and Ashley Olsen’s Fall ‘08 collection for the tiny billionaires slightly more affordable and younger clothing line, Elizabeth and James.

Since I’m just now recovering from an episode of cardiac arrest due to the two hundred dollar price tag that was self-righteously placed on a pair of %100 cotton E & J gym shorts over at Shopbop, my analysis of this collection may be a little off-kilter. So, bare with me.

For Fall, the line consists of slouchy boyfriend cardigans, darling wool outwear pieces, and tartan/plaid skirts and jackets that would make Henry Holland jealous. Basically, all of the pieces are as over-priced and adorable as the spring collection. And the photography + model are cooler.

Phew. I barely made it.