I went to the store to take a look at these sets yesterday - I was mainly interested in Pink and Coral. Here's my summary, I am purchasing the Pink bag, the Coral was sold out at my counter, but Ruling Class put me off because it was so dark.
The pink set is just gorgeous - the gloss (Gentility) is a sheer golden color which seemed a little out of place in this set (to me, there wasn't any pink in it, but I didn't swatch it so I can't say for sure) but I think it could look good over the lipsticks. Both lippies are frosty and glittery and definitely on the cooler side (as mentioned in previous posts) but the colors are great - nothing too overpowering. I think lara's pics are very accurate in showing the colors. Snob Appeal, the lighter of the two, is a mid-tone pink and Blue Blood is a gorgeous watermelon pink.
As for coral, I loved the gloss (Splendid) - it's a very pretty peachy pink and I wish this was in the pink set instead. The lighter shade of lipstick (Astro Chic) looked quite nice - once again, nothing too strong, just a sheer wash of color, but the darker shade (Ruling Class) was too dark for me, it was more of a bronzey color than a coral.