Now that I've had my bag for a little while, I thought I'd give a review for others.
I got the plum/wasabi combo - I really like this color and have gotten several compliments. The wasabi makes it easy to find things inside.
I do wish that I had a third pocket on the side, but otherwise it works pretty well for my needs, some things I've been able to cram in:
Farmer's market trip: Water bottle (24oz), umbrella, wine bottle we got, cardigan (a friend's, she couldn't carry it in her bag), 1 medium pouch, 3 small pouches/wallet, misc stuff in the front pocket (pouch between medium/small size (mine) and other loose stuff), cell phone, keys, reuseable bag (chico in purple)
Morning Commute on Bus: Water bottle, umbrella, polo shirt, reuseable plastic container with food, pouches, etc as above
Regular: Water bottle, umbrella, pouches, keys, cell phone + battery, sunglasses, misc pouch in front (hair brush, gum, etc), thin long notepad, USB key, hair ties, keys, badge, reuseable bag (chico, in purple)... plus I can put snacks, misc goods, etc in the back pocket or on top as needed.
Finally, the strap is a bit uncomfortable (got the standard one) - it tends to leave marks on my shoulders if I am not wearing sleeves. Overall this bag has worked well for me so far, much easier to lug around than a messenger bag when I don't have a laptop.
At some point I hope to test it further, but I am glad I got it!
PS - safety tip - if you are traveling, the handle can be looped through your belt to help keep the bag from being ripped off your shoulder and stolen