I've never tried L'Oreal lipsticks before, I'm not sure if all the formulas are the same, but this Project Runway Limited edition in 585 Sultry Raven's Pout. The color is a very cool nude, very light almost the same color as my natural lip color but better. Its a gorgeous pinky nude that would look great on just about anyone's skin tone. I have read reviews that this is very similar to L'Oreal's fairest nude which is in their permanent collection.
The formula is pretty nice, super moisturizing and very long lasting. I can't stand the smell, or taste and I'm not sure if all L'Oreal lipsticks. I love this shade with more of a darker smokey eye. Super pretty.