I think this top walks the line quite sucessfully. It is a peplum style, and comes in at the waist, but the bust has a lot of pleating and draping without a lot of shaping underneath and I think gives a very successful illusion of an hourglass shape.
The other thing I like about this top is that it also provides some volume over my hips, which I think gives some balance when I wear my much-loved pencil skirts.
Even the side view is not too bad, although I confess that I have given up trying to mimic breast projection on side view as it never really works. If I one day have a outfit that requires that appearance, and it is important enough to me, I will consider a prosthesis. For now, I will try to live my style the best way I can the way things are. Do you ever walk the line between your style preferences and the dictates of your body?