Updated

Another high note for Beyonce — the coveted cover shot of this year's Sports Illustrated swimsuit issue.

The singer and now movie star ("Dreamgirls") posed on a Florida beach in a yellow-and-pink bikini by House of Dereon, the fashion label she started with her mother, Tina Knowles. There's also a photo spread inside.

"The Dreamgirl As You've Never Seen Her," a cover headline teases.

The 2007 swimsuit edition continues with a music them inside, featuring scantily-clad models posing with Kanye West, Aerosmith, Kenny Chesney, Gnarls Barkley and Panic! At the Disco for the camera of lensman Steve Erle.