I've been wearing pearl izumi bibs and will never go back. I was attracted to these because they're one of the only matching kits for women with bibs. There are few things in the world that I would say are worth this much money, but indeed the price describes the quality. Really flattering cut/graphics, amazing materials, feels better than wearing nothing! The jersey is equally great. Also the holiday blue color matches the 2012 CAAD 10 5 (raw/blue) perfectly!
I'm 5'1, 130lbs, and ordered size medium in both the shorts and jersey. I have a really short waist and might have to get the straps tailored up an inch or two, but I have that issue with all bibs. I found that the shorts inseam and the jersey sleeves are a bit longer than others, maybe because I'm short, but I love the length - will provide more tanline options in the summer and keep arm warmers in place when it gets cooler, plus the material and fit are so amazing that you don't even notice the difference.
In sum: you will forever regret not buying these.