It's been a while since I posted, mostly because I have had it with my sewing machine, and ended up getting a new one. Now I am in love, and want to sew as much as I can!
*updated- I posted the tutorial on my blog
http://seweffingbored.blogspot.com/2012/07/ruchey-goodness-tutorial.html 
I was inspired by this shirt from Rickis
http://www.rickis.com/by-category/sale/colour-block-top/prod5101HT169YS5649RM.html
. Since I don't live in Canada at the moment, I figured I would do it myself.
I started with a navy blue shirt (sorry no before picture of the blue shirt, but I have it in black, so this is what it looked like.

I cut the front in half, found a scrap piece of grey fabric and used that.

I want to make this shirt again, next time I am going to make some changes, I am going to add more length to the middle piece of fabric to get more of a ruched look. I am also going to cut less fabric from the middle, or not use a light colour because I feel like it draws the eyes a little too wide.
thanks for looking!