This color is stunning, I would recommend searching for swatches online by googling it before purchasing it (that's what I did) since it is a much deeper richer tone than this photo will have you believe. I really love it, wear it often during the day and night. The texture is what you would expect from a liquid lip, on the dry side.
This is a very pretty liquid lipstick & lasts well but definitely not all day, say 4-6 hours on me. The only slight downside is that it dries very fast so you need to get the application right first time or have a corrector handy.
I love smashbox, but these lipsticks (this one and I had another one in red) - even though they're amazing at first and can stay on your lips for a while - they dry off around 2 months after being opened unfortunately..