Marc Jacobs, the creative director for Louis Vuitton, did this Miku design as part of a collaboration for an upcoming opera titled The End. Debuting this December in Yamaguchi, Japan, the opera will feature Vocaloid singing software and virtual talents like Miku instead of real performers and a live orchestra. Miku will be wearing LV and carrying a Vuitton "Speedy" bag.
Online in Japan, the reaction to the Jacobs design has not been kind, with people pointing out that this design not only doesn't look like Miku, it just doesn't look very cool.
For those who are not familiar with what Hatsune Miku looks like, below is her official illustration: