I just got an Ellipse PM and I took it out yesterday, I had my Koala wallet, Cles, Checkbook, cell-phone (in the pocket, it's teeny tiny), my Weight Watchers calculator (about the size of a compact), pen, compact, two lip glosses, HUGE
Coach sunglass case, eye drops, AND I managed to fit a paper back book in there when I needed something to read when I was waiting for my Mom at the eye-doctor.
I will say this though, since my Coach glasses case was on the bottom, I would have to remove things to get to it, so that was a bit of a pain, but it does hold alot.
I think it might be worth it to drive and try them both on.
I also have a Speedy 30, but you don't see the Ellipse as often. The Ellipse shape makes me smile. I also had no problem with it tipping over like someone mentioned.