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I like it. If you can reach your arms across your chest without it pulling uncomfortably in the back/shoulders, then I think it's ok that there is no stretch. I do agree with Angie that it would be good to see it open (I never zip or button my jackets!).
I'm not even reading the other responses -- it looks fantastic on you! I know I have a weakness for moto jackets, but this really does look terrific.
Now, only you can tell whether it will pass the comfort test well enough to enjoy wearing it. I say wear it with tags around the house for a few hours. This is what I do with all questionable comfort items.
Would love to see it styled a bit and also open. I really like it in the photos, but it sounds as if there are a lot of negatives to it as well -- so only a good play with it will tell you if it is "the one."