I like this coat.... it has a waist which gives it shape. It has 2 slit (open) pockets on bottom, and small, flat zipper pockets on top.

I downgraded it one star for 2 reasons:

The fabric appears to be shiny in the photos.  It isn't, it's more of a flat finish and I think it would look dressier if it had a sheen.

The hood is very deep.  It has an adjustment on top which you can use to pull it in, but it's still huge on me! (and I'm not petite!)

The hood zips off, leaving a stand up collar.  Nice surprise!

I ordered a Large, and it's a good fit.  Had I been in a store, I would have tried the XL, since I like coats roomy.  I need to try this with bulky sweaters to be sure it will be OK.  I'm a size 8/10 pant, and a 10/12 blouse.

One more thing for those for whom this may make a difference:  it does not have windbreaker sleeves inside.  The sleeve is slim enough that I don't think it will matter to me, but it might be an issue for some.

I hope this is helpful.

**** UPDATE 12/7/11 ****

I wore it for the first time today.  What a pleasure!  It's lightweight and warm.  I was outside walking in mid-40 degree weather, slightly breezy and I was incredibly comfortable.  I felt like I was walking around in a warm blanket.  Pockets worked great... bottom one was large enough to hold my Kindle Touch as I was walking.  Alternatively, putting my cold hands in them kept my hands warm.  Definitely my "go to" coat for knocking around.  I was travelling today in 2 cities with dirty trains in between, and the coat looks great.

One more thing:  size was OK for me.  I was wearing knit slacks and a lightweight cashmere sweater (with a large cowl collar) and there was plenty of room.  It "pops up" when sitting (giving more room on the top), so driving wasn't a problem.

****

***** One more update:  12/23/11 *****

I find that I'm wearing this coat all the time....  weight, comfort are perfect!  Not too warm when it's moderate (if you leave it unzipped), warm enough when it's cold.  I'm returning another coat which is hanging in my closet, unworn.

The Gunmetal went on sale for $96.... I purchased another one of these coats.  I thought the Gunmetal would be a "muddy" gray color, more like a pewter, and I wasn't sure I'd like it.  It's closer to deep charcoal.... beautiful.  If you're debating about the colors, I hope this helps.

Happy Holidays! *****

*** ...and a hidden bonus:  12/24/11 ***

I just discovered that the side seams of the coat at the bottom have a hidden zipper, so if you need more walking room, you can open up the zippers and have more room for your stride.  Brilliant!  I discovered this by accident when checking out my new Gunmetal coat.  I wouldn't have seen it, but for the fact that the package opened from the bottom!  (but be careful not to catch the fabric when opening and closing these zippers.)

Enjoy!