That’s correct, there is a effort underway to look at redesigning that old wrinkled U.S. Dollar and some great artwork has been submitted for consideration. Here is more info:

The Dollar ReDe$ign Project is open to anyone who wants to redesign the US Dollar. Learn How to Enter, Please Sign The Petition, Vote to ReDe$ign the Dollar: Yes/No? Vote Now!, Have any Questions? Email Us

This project was organized by Richard Smith, a creative strategy consultant who specializes in transforming brands into wants and desires. Check out more of his Work & Blog

Here are a few samples I liked.

Kyle Thompson : Inspiring : Hopeful : Positive : Dollar ReDe$ign

Patrick Timmes : Dollar ReDe$ign : Sometimes You Can’t See the Spots for the Trees

The Color of Money : Elias Stern : Dollar ReDe$ign