Picked this up on SAC for thirty bones. Pretty good deal considering I was looking at the Ibex for 100. The fit is pretty true to form. Got a large, and I am 6'2" and 190 with a 31 inch inseam. The zipper feels a little beefy at the bottom, and the fabric, even though it says it's the same thread count/style as the ibex, doesn't feel quite as soft and supple against the skin. I've worn it on a couple early morning rides here in the SF Bay Area and it definitely wicks the moisture and keeps me warm. No rear pockets, but I don't go on but one long ride a week or two, so no big deal.
I like that it can double as a functional piece around town. Just make sure you don't have anything on too flashy underneath, as it shows through easily. Otherwise, have at it.
Overall, a pretty good deal if you can pick one up on SAC. Otherwise, I would spend a bit more and go with a brand that knows Merino.