Just want to say thanks to everyone for all the input. As for the issue about the pants, I really don't think that the pants are too long (I know it looks that way from the picture, but in real life they don't look long). I think what the problem might be is that I was wearing monk straps in that picture and because they are bulkier up top the pant wasn't falling right. When I tried the pants on later with regular lace ups the pants fell much better and there wasn't that wierd drape at the front.
Also, I wore that outfit you see there out tonight and I got a lot of compliments, so people must really like the look. Besides that, I felt like a million bucks in that suit and I must say that I really love the suit. For about $400, for a canvassed Corneliani suit, I think it was a great buy.
As far as waist suppression, to be honest, I'm not that big of a fan. The suit definitely doesn't fit like a sack, it has minor waist suppression, which is the look I like. I think too much waist suppression looks kind of effeminate (no offense to anyone if that's the look you like, it's just not me).
Oh yea, someone asked about this, the suit does in fact have side vents.