I'll have to check it out...
I'm a female, and I prefer the sexy look -- because my assumption has always been that even though it looks skimpy, it's magically enhanced to be just as durable as the equivalent coverage model. But I think most female characters would like the skimpy model (assuming their character looks halfway decent), IF the AC is magically enhanced to be same as non-skimpy -- cause .. well, if it was a 'real-life' situation, presuming you were fighting against a man (and even many women), they'd be more than a little distracted by what they saw...
This provides a distinct and often fatal advantage.
Really! (It's true in real life too ('cept for the fatal part!)), but go up against a guy in a chess game...wearing a bikini and such...disturbs their concentration all to hell.
