How are you liking your trocadero after having it a few months? It's a gorgeous bag!
I really like it so far! Other than my work bag, this is the only bag I've carried since getting it. I've found that the inside space is a bit limited by the 'wings' of the bag and the center zippered compartment. I thought this was a negative at first, since I'm used to larger bags, but have found this really helps keep my things organized and in place, rather than having to dig for the one thing that has managed to find it's way to the bottom of, say, my Artsy. So that has been really nice! Plus it keeps me from carrying too much stuff I don't need.
I know it's still rather new, but has kept it's structured shape. I think there is a full piece of leather under the embossed piece on all sides of the bag, giving it a really substantial feel. But I actually don't find it to be heavy.
I go in and out of my bags a lot to get my cell phone, lip gloss, whatever, so I find that I tend to not tuck the flap in very often (tenKrat has a picture of this). The magnet is strong, though, so it has never come open or felt like it wasn't secure. And that way I can open the flap and grab my wallet (which I keep in the front opening), even while the strap is still on my arm. But you can't really access the back compartment without taking it off your arm and placing it on a surface. This could be a con for some, but realistically, I almost always place my bag on a counter when paying for something, so this isn't a big deal to me. And it has feet, which is important to me for that reason! The strap stays securely on my shoulder and has never slipped off.
Overall, for me, I'd say the biggest con is the interior space. I wear glasses fairly often so have to remember to switch out my prescription sunnies with my non-prescription, depending on the day, since I can't really fit both with all my other stuff. But that has been a small sacrifice for its beauty! Hope this is helpful! Let me know if you have any questions!