Inspiration for jumper or cardigan if cut down the middle? And I might cut up and lengthen the inner sleeve seam, this creating more of a side seam at the same time so it's not quite so revealing on the sides.
I have this shirt, but bought a size too small. (Eddie Bauer's sizes are always tough to figure out for me! I think something fits, I wash it, and the fit changes!) I absolutely loved it. Feminine and gentle look.