I think this is a superb cover. Its by Kishin Shinoyama. He did several covers over the coming issues. I wasn't previously aware of his work, but a little research showed that he created the famous b&w cover photograph for John Lennon & Yoko Ono's 1980 album, Double Fantasy.
His published work seems to be dominated by b&w erotic collections, which is a shame, as I'd like to see more of his stylized colour photos. If any knows - please leave a comment.