I'm giving this outfit an A. It's my favorite Molly outfit that we have so far.
The blue of the dress looks really nice with Molly's coloring, and I love the material. I like that it doesn't close with velcro. The hat is cute, and finishes the outfit off nicely. I do wish it came with hair ribbons, but I think I can make some easily enough.
It's a shame that they retired this outfit, but I recently found it on Ebay NIB for right around retail price.