I can't say enough nice things about this dress. I love it! I bought mine earlier this year off of ebay and was very pleased at what I found.
I love the style. Love it. The jacket fits my 2009 Lissie perfectly. It is not feel like plastic and has a very pleasant pattern on it. I don't find it hard to lace at all. The skirt is made of nice, thick material (does not feel like plastic, either) and there is a subtle vertical pattern on it. It fits my Lissie great as well, unlike the skirt of her Christmas dress.
I find that this dress looks great on the newer and older versions of Felicity. It is defiantly one of my favorite Felicity outfits - my Lissie doll is wearing it right now!
So: Laced Jacket and Skirt: A (I don't give A+'s). In conclusion, I believe that this is a wonderful period outfit and a must-have for any collector of Felicity!