I tried it on IRL and I really liked it. It looks more like the second picture, but I had to size down for a more fitted look. I am waiting for it to go on sale though.
How it is worn in the white shirt makes her have a shapeless unflattering look. Very boring. The other look though is very cool. They really could have worn it the long look and made it very chic but, I guess they forgot to bring the accessories to the shoot.