hi Zembo! well, funny you should ask as I greatly regret buying the cozy and am 99% sure that it's going on ebay this weekend. It's too darn flappy for my liking, which would annoy me hugely even were it not for the fact that flappiness + 3 small children = impossible
All those different ways of styling it don't work for me either. I'm too pear-shaped to wear it ballerina style and most of the other ways look daft even on the models.
Re; the travelwrap - I've lived in it ,indoors and out. I chuck it over jeans and t-shirt for an instant shot of loungey, glamorous insouciance and snuggle in it on the sofa at night. I also keep it on the bed to wrap around my shoulders at night when bfing.
DC3 was getting so keen on the feel of cashmere that I bought him a My Little Travelwrap for Xmas.
my advice is ebay one or two of the cozys and buy a travelwrap