As reported yesterday, Bar Refaeli has been chosen to grace the cover of this year's Sports Illustrated Swimsuit Issue, and now we have an advance look at Refaeli's cover.

The 23 year old Israeli born model, also known as Leonardo DiCaprio's on-again, off-again girlfriend follows in the sexy footsteps of modeling giants as Cheryl Tiegs, Heidi Klum and Tyra Banks, who have all graced the cover of the SI Swimsuit Cover in the past.

Bar Refaeli is also planned to be the new host of the old school MTV show "House of Style". Refaeli is rumored to have lost out on last year's cover to Marisa Miller after revealing too many advance details about her cover deal and ruining Sports Illustrated's much-coveted element of surprise.

The new cover choice was revealed on last night's episode of Late Night With David Letterman; a billboard of the cover was unveiled yesterday on Broadway in New York as last night's show was taping.

Have your say in the comments section below: What do you think of Bar Refaeli's Sports Illustrated cover?