I don't want to become too enmeshed in this debate but I think there is some merit in pointing out the other side of a feminist standpoint (albeit an "old-school" feminist approach based more on the 70's style of femininism): How about a woman empower herself through her talents, merit, style, accomplishments, and aesthetic creativity as opposed to shock-value shallowness?
Growing up as a feminist, I valued education, ethics, accomplishments, career-goals earned the hard way (merit), etc, etc,
Personally, I didn't care for Mil*y's performance mostly because it was a mish-mash of nothingness, no substance, no understandable theme (teddy bears?) and it didn't seem well-rehearsed. The acoustics/singing seemed poorly done too.
(p.s. I didn't much care for Thick*'s performance or attire either).