surprisingly good for a drugstore powder! color match for me is pretty good (classic ivory, i usually wear MAC NC15-20, bobbi brown cool beige). i'm reviewing the new formula, not the old one, so i don't know how it compares - but this one is pretty good. i agree that it's a bit like MAC blot, only cheaper. i keep this one on my office desk for quick touch ups during the day. it applies very nicely with a powder brush, but throw out the puff it comes with, it's garbage and goes on all uneven and thick that way.
didn't oxidize, or feel heavy in any way, but lacked pigment - i only use it to blot shine, so this is fine with me, but it is a setting powder, rather than a powder foundation, so this may not be for you if you're looking for a powder foundation. one lippy off since the color range kind of sucks and would only suit those who are fair-fair/medium. even the darkest shade isn't what i would call tanned... what's up with that?
overall, at CDN$9 a pop, not bad - mops up oil and doesn't irritate my sensitive-combo skin, or cause clogs/breakouts. no weird fragrance. buy a $10 ecotools powder brush to apply it with, because the puff is terrible!
kudos on covergirl for the new packaging - it's less cheap looking... it's not as nice as a chanel or a nars compact, but this would look less horrible when you're touching up in public. would buy again to stash at the office.