Over at the official site they have announced the winners of the LOTRO Cloak Contest:

At last, the judges have emerged from deliberations with their winning picks for the LOTRO Cloak Design Contest! Congratulations to Alynwen Claevyan of the LOTRO Codemasters community, and Jox_LOA from the Turbine forums! Check out the winning designs below, both of which will appear as actual in-game cloaks in LOTRO!

So head on over and take a look at the winning artwork.