I love this shirt - medium size on 5' 7, 155 lbs, hourglass. The arms are slightly tight at first (I have large arms for my size though), but they quickly loosen up to comfortably fitted. Some might consider it loose on the torso, but it fits like it does on the model - just flowy enough to not be fitted or cling. If you're busty, you might find the fit on top comfortable but with a tendency to hike up a little on top - not enough for others to notice, but you can feel it fitting a bit off. After a few hours of wear, it didn't seem to do this anymore for me, so it does loosen up a bit. The material is thin but opaque, and it's got a smooth and satiny yet matte texture. The cutouts mostly stay in place and bra straps stayed covered overall (most cold shoulder shirts, I've had to attach the straps to the shirt, but not this one).  It also washes and dries well - no shrinking or damage so far (pp warm wash, pp dryer).