I'm a little late with this, it's old news now. The Pantone Color of the Year is Radiant Orchid and I couldn't be more on board. I love, Love, LOVE this color and am looking forward to what designers do with it.
I spent a little time on Pinterest this morning looking at images with the color. I really like it in the hair department:
(All the links to these images are on my Pinterest board http://www.pinterest.com/mamabirdy3/radiant-orchid/)