I bought the new palette, the large one for my birthday. I'm just going to have a bit of a short review.
First off , the colours are great. The lips are sheer and buildable, as is the eyeshadows. The variety of colours is very acceptable. They are pigmented, although wearable, and easy to blend from what I've seen so far. The blushes and bronzers are ridiculously pigmented--to the point where it's frightening to put on. I love all the colours though, and think ELF is very good quality for the value. The concealers, eh. They are very sheer and thin, and work well for blending colour correcting, but I haven't touched those much. There are different finishes, and a wide variety...I'm very glad I bought it.