I have this top in the lovely blue jewel colour and I love it. I'm riding in muggy Toronto this summer and this top keeps me cool and comfortable in the worst heat and humidity. In fact, I have never needed to unzip for ventilation. The pockets are deep and convenient to reach into, and the hem goes low enough I know I'm not going to flash anyone inappropriately.
I'd say it's a relaxed race fit. Not as body-hugging as some of my other jerseys, but a close enough fit to be flattering and functional (no flapping in the wind).I wash and wear this jersey almost daily, and it still looks brand new. I'm lean but curvy, and I find that Pearl Izumi compliments my physique beautifully. Random women on the street compliment me, telling me that I "look great! You still look like a girl!"