This is quite nice expensive looking cape.
It has slits on the sides for arms if desired - they are placed slightly back of where I would expect them to be and work but not extremely well.  I chose not to use them, and you can't really see them unless you look for them.
The hood is lined, the entire product is very high quality for what you pay for it.
I'm 5'9" and a bit plump and the cape came down to my mid calf.  Very nicely done, very classy.  I would definitely purchase again.  I wore to Halloween party and again to a 14 hour marathon Twilight screening- very comfortable and somewhat warm too!  I would definitely buy again.