On a brighter note: we could just work to redefine ugly.
Dave - there is no one grand eugenic strategy going on this world to promote intelligence. The only thing I see even remotely resembling that is India seriously skewing sex ratios with selective abortion. Ditto China.
The only effect of that will be a seething mass of umarried, unhappy males in those two countries in about 25 years. Since you can see into the future, it's okay for me to do it, too. I forecast lots of men over there finding novel+nice and not very nice ways of finding a bride. Which will impact the world. Hang on to your female children. :)
Here is what I'm saying, what Moonbear is saying - you cannot predict the outcome of Natural Selection or of human tampering with selection. Trying to override NS produces a lot of untoward effects. Period.
If you want to disagree, fine. But as far as I know, based on today's data, humans selectively breeding for intelligence is not going to work. It's a pipe dream.
As an aside - Evo hit it on the head. In Western culture, being really smart is almost slightly tolerated if it pays the bills, but being physically attractive is something most Westerners are willing to suffer great financial and physical pains to achieve. So, what do you s'pose the Mommies of America are going to pick when they can afford just one: super smart or super cute?