Elegant code is identified the same way as obscenity---we may not know what it is, but we know it when we see it! My own filters are typically set off more by code that does something familiar in a new way than by the unfamiliar done any way at all. The flagging reaction is something along the lines of 'Cool' or 'I didn't know you could do that, that way' or shuch like. BTW, this is not to say that new code can't be elegant, just to say that I don't have any useful metric to identify it with.
--hsm
"Never try to teach a pig to sing...it wastes your time and it annoys the pig."