MAC Red Lip is a limited edition lip palette that retails for $39.50 and contains 0.31 oz.
MAC Keepsakes/Red Lip Bag ($39.50 for 0.31 oz.) includes three, full-sized red-hued lip products, plus a glittery bag to put them in. The set launches October 17th online and will head in stores on the 23rd (see full details here. The set contains $47 worth of products (plus the bag). Though I love the color of Ruby Woo (a very classic red), it is drying on me over time, so you may want to carefully prep lips and be aware that you may need a little balm beforehand. Topping with the gloss helps to mitigate some of the drying qualities of the lipstick, but it had a tendency to feather after a few hours (which I don't usually experience).