I think you look great from the side, and I think the "love handles" in the front view may be more because you pants are unflattering than because of your body. Have you tried loosening your belt a notch or two so it doesn't dig into your flesh?

Its not the pants or the belt. Without the belt the pants slip down and even with the belt I still have to pull them up. Believe me the belt is not as tight as it may seem.

You asked for honesty, so here it goes:

yes, you do have a tiny bit of pudge. I wouldn't call it a belly. It is probably invisible under your shirt and it is PERFECTLY NORMAL; the female stomach is supposed to naturally have a little bit of fat on it - that makes childbirth easier. Concave stomachs are rare. You are 5'6-5'7" and 127 pounds... that is a great weight!

Your stomach looks pretty decent in the sense that you don't have loose skin and stretch marks. My stomach is very flat, but probably looks much worse than yours does due to the nasty loose skin that I unfortunately acquired from losing 6+ inches off my waist.

You really SHOULD join the Six Pack Abs/Bikini Ready Bodies Club threads. There's all sorts of advice there regarding getting great abs (in addition to a ton of women whining about how we don't have perfect abs )