Jimmy Choo Plus Uggs?

Good to see that nymag.com is as confused as me

So apparently Jimmy Choo & Uggs are collaborating to make a shoe? The line, called "Ugg & Jimmy Choo," will have the construction of the Ugg boot but with "design details that embody the spirit of the Jimmy Choo brand." Even better news, the shoes will range from $595 to $795. I have nothing more to say about this.....