Melinda Caroline wrote a review of SmartWool Valley V-Neck Shirt - Short-Sleeve - Women's on September 29, 2010
Just bought two of these (one in black, one in green), and I think they're probably the nicest merino shirts I own, which is saying a lot because I have a bunch from SmartWool, Icebreaker and Stoic. The wool on these is lightweight but not remotely see-through. Extremely smooth hand and a nice drape-- you could probably pair it with a casual skirt and feel okay about it. In fact, I'm sure that I'll do just that, right after wearing it running/climbing/whatever! The green color is slightly brighter than it appears on my monitor, but it's not shocking. About fit: this shirt is cut a little long (hits me mid-hip, I'm 5'4") and has a relatively deep V, though not so deep that I'd worry about needing to cover up. I think it runs just a little on the big side for something that claims a "slim" fit, which is to say that the CUT is slim but the FIT is more toward standard. I'm a 36C and the medium is plenty roomy. If I run into any wear/durability issues, I'll update, but these feel pretty sturdy to me.