To go against the grain here... all cycling shorts are ugly and undignified (all shorts are undignified and should only be worn while swimming). The only justification I can see for cycling shorts is if you're racing and need the aerodynamics.
There are already fashionable cycling shorts: they're called knickers. Chrome, Swrve, Bicycle Fixation, Swobo, Under the Weather all offer commercial "cycling shants." Or you can make your own from any pair of durable fabric pants. I've never needed padding, even on the ass hatchet seat my road bike, which is my main commuter and getting around bike, came with, but I understand that some people do. Most knickers don't have padding so you'd have to buy a size larger and wear padded something underneath.
Cycling shorts always look like cycling shorts, no matter how many panels or what fabric they're made from. A nice pair of wool knickers at least sort of fit in fashionably in the rest of the world and ride great on the bicycle.