I wanted a new lightweight wool blazer, low stance and on the long size, and just purchased this one from BR:
http://bananarepublic.gap.com/.....pid=423456
It was 30% off when I got it on Friday in LA. It is much better than the picture, looks a lot less boring. They do have some straight leg pants as well, but they might not be as modern as you like. My friend and I both bought this jacket, she bought hers in light grey or taupe, I can't remember. I am very picky about fabric and workmanship, this one passed my test. The jacket looked great on both of us, we both have hourglass figures. It was TTS.
I tried on that bright blue Express jacket but it didn't work on me and the fit was not flawless to my eye.
Here are the SL pants:
http://bananarepublic.gap.com/.....pid=428739