LOVE this sweater.  It's a bit pricey but the shape and style is worth it.  Especially for today - St Patricks Day.  Love the look and versatility.  Very flattering.  The sides drape just as pictured.  I never use a dryer for my clothes (hang them) so I am not worried about any shrinkage.
For sizing help - I am 5' 5", 135 lbs, 34 DD, 29 inch waist and the small fit perfect with some stretch still too it.  I am usually a s/m depending on the designer.  PattyBoutik makes nice clothing.
Color is exactly as shown.  So glad I bought this sweater.