The sweater has a pretty lacy border around the hems of both body and the 3/4 length sleeves as well as around teh neckline. In addition there is waist shaping for a fitted look.
I knitted this sweater myself and really enjoyed it. A lot of people make a lot of fuss about knitting with 4ply (fingering weight) yarns, thinking it takes forever because the yarn is so thin but really it doesn't take much longer than if you knit with DK and you get a sweater that's much more versatile. Why not try it with this sweater?