I’ve heard it both ways. Paraphrasing:
Cervelo: at a given height, women have the same proportions as men. “Women’s specific” geometry is a marketing gimmick.
Trek, Specialized: at a given height, women have smaller hands, narrower shoulders, shorter torsos, and longer legs. Therefore, they need proportionately shorter top tubes, narrower handlebars, and shorter-reach levers. In ST parlance, women would be more likely to fit taller and narrower than longer and lower. Or you might say, women are more stacked.
So, how about this: I made a quick survey where you can enter your sex, leg length, height, shoulder width, hand size: http://www.surveymonkey.com/s/RSTHNLT
After I get 100 responses (or after responses quick coming in), I’ll crunch the numbers, look for size and statistical significance of male/female differences controlling for height, and post results back to this thread. I’ll also post the table of individual results. On the survey you can enter your ST username or any other pseudonym if you want to be able to identify yourself in the table, or you can leave it anonymous. And I’m not using this for anything other than posting back here–no school project or company research or anything.
I wouldn’t exactly recommend that anyone go to market with this self-selected sample of ST readers (assuming anyone responds at all), but it seems like a fun way to shed some empirical light.
If you complete the survey and think others are interested, give this a bump so it’ll stay up long enough to get some responses.