No, actually, that's the cloth material. Other than that, it's just the settings that came with the dress. (It's the Morphing Fantasy Dress with the Princess of Winter mats.)
As for my overall setup, it's Genesis 2 (using K4 UVs with Marissa skin) with the MFD, a huge front mesh light angled slightly, and a small mesh light /just/ out of camera view for the hair light. All this is set in the WhiteStudioRoom set.