I agree that it really depends on whom you are addressing. I'm sure many girls wouldn't be fond of the title because it generally refers to someone who is performing "drag." I wrote an article for a transgender magazine several years ago called "A Case for Drag" and in it I explored the deeper meaning of the term. Doing drag or being a drag queen is a lot more complicated than an external caricature might otherwise indicate. Personally, I tend to identify with the term drag because in a sense, I am performing when I'm dressed as a woman. Of course it's not an over-the-top performance, but it is a performance just the same. Drag happens to be just one of many of other transgender characteristics I possess, and it helps to make me the girl I am. It also goes to show that it can sometimes be very difficult to categorize a transgender individual using only one term. I guess the best way to describe me is to call me a crossdresser because most of the time that is the way I feel. Be careful; however, because some days I feel like I have a little more transgenderist in me. Other days I'm more of a drag queen. The fact that I can't make up my mind doesn't take away from my overall TG experience. If anything, it makes it more interesting.
Sally