Pros: Carrying capacity and comfort!! This is a dream for traveling or everyday use, I am convinced. It is very flat and as you see carries all of the necessities...I am taking this on all of my trips from now on, and wouldn't hesitate to get this bag again in another color, though I think that this bag is ideal for pewter crash since it's such a versatile, hard-wearing leather/color. I also see the looooong tassels as a def. plus, but that is a personal preference. (I am a sucker for long tassels or tassels of any kind on my bags!) I also tried carrying it over the shoulder, and it works well that way, too.
Finally, I adore (x10) the new BE tags. To me they are like a miniature advertisement for the design touches that make BE unique -- handstitching, fine leather (the tag is substantial enough for you to get a sense of what the leather is really like), and the gorgeous little pink crystal. I also really like the new mounting for the crystals -- it strikes me a distinctly feminine, yet discrete. I admire that balance, and it's part of what attracts me to BE in the first place.
Cons: I think that someone else mentioned this, but the zipper on the hand-threaded side of the SPM peeks out a bit when the bag is fully packed. This isn't horrible by any means but just something to be aware of.
Potential con: I am curious to see just how the pewter crash piping along the edges of the bag wear with time. If I recall correctly (and I haven't seen all of BE's designs IRL), this is the only BE with that piping. I will report back if I notice any significant changes in this with continuous wear.
Hope my little review is helpful to others!! In short, I highly recommend this bag, especially for travel, shopping, or running errands!! I even see it as appropriate for a casual/semi-casual dinner out, especially in one of the crash leathers or metallics.