I got the new one recently. I had originally ordered it in Medium since thats what I generally wear in everything and it felt really huge, especially around the mid section where it ballooned out and looked terrible. I exchanged it for a Small instead which fits a lot better. Its still a bit baggy all around but much less than the Medium was. The midsection also still balloons out a little bit but its pretty easy to keep it at bay. I tend to wear it under a jacket most of the time. It would be great if they would make a slim fitting version with a bit more taper in the midsection.
Yeah, this is what I've heard from other people as well. It's too bad it's so difficult to alter sweaters. For what it's worth, it looks great in the photo.