I actually just got and returned the Elisabeth this week. I had been wanting one for awhile- I love the style, shape, and size of this bag. It seemed like the perfect mix of style and practicality. I, too, love the shape of the Gucci horsebit hobo, and thought this would be a more practical and inexpensive version. And I love the long strap option!
This week, the Elisabeth in the medium size went on sale on the furla website for the cheapest I've seen it go for. (They still have coffee and onyx available). I decided to get it, except from
Nordstrom's with pricematching, because I had some giftcards from there. I got the black one. The leather seemed reasonably soft and durable. It's a little shiny. I wasn't too fond of the contrast stitching (kinda beige colored), but thought it would be okay.
The next day, though, I looked at it more closely. The contrast stitching really did start to bother me, as well as the silver hardware (I'm more of a gold hardware person). The contrast stitching made the bag look kinda cheap (at least on the black), and because it was that beige color, it made it look like it had gotten dirty/ dingy. But the thing that I didn't like the most was how the leather textures seemed different on each piece/ side of the bag. The grain was going in different directions and just didn't seem to match. It could have been just the one I got, but it was the last one in the store so I just returned it the next day.
I still think this style is great, but it would depend on the leather for me. For example, the orange color (dalia) leather seemed more smooth and even. Same with the metallics I've seen. The store near me didn't have the coffee color, but it does look nice in the pictures.
I also have reservations about the contrast stitching (as mentioned above), but it could just be me. I really wanted to love this bag, but it just didn't work out. I think my conclusion is that if you can find a good leather/ stitching combination, this would be a great bag. Oh, and on sale. Again, just my opinion, but I don't think this is worth the full retail price.
HTH!