I happened to pick up this shadow at the same time I picked up the holiday palette.
This shadow is also IMPOSSIBLE to photograph! Its a dark purple with almost a teal duochrome.
It really does look like this:
I personally found that there was no fall out when used lightly, but when I started to build up the colour there was fall out. That being said, with any type of base I am sure you could avoid that.
And here it is swatched alongside the holiday aurora palette.