I bought the small sized one in Birch as a gift for my sister a few weeks ago when it first appeared. She absolutely loves it and claims it's the perfect day bag to fit all her books, trinkets, and all the other things she feels necessary to carry around.
I'm even thinking of getting the small one myself in Charcoal just as an everyday use tote when there's no need to carry around a briefcase or a messenger.
Fine, so it's really just a nylon bag. But (and maybe I'm reaching here), there's also some leather trimming, and of course, the Burberry logo. And really, I think it's just a simple, chic looking tote!