I am a fan of AG's holiday dresses and really like this one.
The bodice seems like a retread of the 2005 Butterfly Brocade dress, with some variation in the closure of the collar. I can't say I mind that much, as it is very pretty. The color combination is striking. If my daughter is any indication, it's one of those dresses that older girls of the target market age like for its sophistication and elegance. No problems at all with fit on Mattel dolls but I'd not even bother to try to put it on a PM doll.
Excuse the big-haired doll below; I had to do something to get those sticks to stay in! I can't imagine a child adeptly working the hair sticks. The heel on the shoes does cause instability for a doll standing on her own. Those two things bring the ensemble's grade down to an A- but the dress itself rocks.