Thanks for the answers. I also find the term misleading, because the sleeves on this pattern aren't in any way shaped:
I have the feeling that this will be easy for me to knit up, but hard for me to seam together...because I don't understand the instructions on how to fit the sleeves to the sweater at all! Hopefully it'll be obvious once I'm there with all the parts.
And if not, I'll have to call in the heavy artillery (aka sending it my mother to have her do it for me).