ok Colleen I'm going to call you out here, I bet you don't even own a Lensbaby (or camera) and sit up all night with your pastel paints creating these wonderful images! I like both version but the layered one adds more weight to my idea ;)
I'm not as stimulated by it as I am with some of your other LB stuff, but I think it might just be that I'm a bit biased (perhaps unreasonably so) against the recent widespread use of texture layers. I will admit they do rescue some middle-of-the-road photographs, but I'm pretty sure that this one's actually a lot better than that! The composition and balance is great, too.
Argh - you guys are killin me with your golden hues and your light, warm tones! It's so gray and cold around here. :( This makes me feel warm though. :)