I just picked this up off of Amazon(free shipping) for $29.00. Hot Spot also has it for $29.00.
I got the Tan version, I also have a few Condor M4 Double-Double Mag pouches. The Color is basically identical, with the Condor being slightly darker; however when placed together you really can't tell the difference.
This is a mesh vest with buckles instead of a zipper. Definately going to be cooler in the summer heat. The PALS/MOLLE covers the entire vest.
Structurally seems very sturdy. I've given it a few tugs to still the quality and it didn't give.
Okay, now for the in-depth:

Seams-- double stitched about 1/8" apart throughout entire vest.
Velcro- Velcro strips on left and right upper torso for name tapes: 5"; Velcro on top flap on
Hydration Carrier 8 1/2" by 1 3/4", underneath are 2 more strips 10"x 1" and 8" x 1"
Hydration carrier- standard size insulated, straps on side of vest for keeping the tubing secure and out of the way.
Shoulders- Adjustable velcro, completely opens for removal if neccessary. Has drag strap.
Inside- 2 zippered map pouches also velcro at top for quicker access.

I will update this more and give a picture of mine once I have added all of my pouches later this week and try it out at the GZA training on Sat.
Has sling rings on shoulders
The one off Amazon has battle belt with 2 pouches, Hotpsots didn't come with it.