Have You Seen The 'New Look'?

If you've been under a rock the past 5 years then you probably have yet to notice the curious stylee that has sweeped across the land.
No, not the saggy pants-one-hand-holding-up-the-britches look, but the straight leg, tight pants look that the male species is rocking these days.
Kanye West and his crew were recently seen groomed out in the look, which is one-part UK Rude boy, one-part dandy gentleman.
Is it from the punk scene? Actually the Europeans (and many in Africa) have been styling like this for years, especially with the loud, florescent colors and what not.
Now, the style is prominent here in the States. But, the bigger question for all of humanity is ... is it cool?