As with all BC lip glosses, I happen to really like the formula - high gloss, medium sticky (not too sticky but not non-stick) and long lasting. NEARLY NUDE is a HG shade for me (I also like the pinker shade, ballerina) but if you are seeking a YLBB shade, this is a true nude. A bit pink, a bit beige, no shimmer - and lots of shine this is YOUR COLOR. I am a PPP and Nearly nude is great on its own or over many, many different lipstick shades to either tone them down or perk them up.
I really recommend this one. It's new (2009) and very inexpensive.
Update: 2014 - This line of lip gloss has been d/c'ed and I am just now using up my last tube which is a shame because I loved both the color and the formula of this long-lasting yet not sticky gloss. There are some great new glosses out now, though - so all is not lost.