I bought the brown small satchel. Yes, the lining is so fun, I love it! The only drawback (aside from the smell, see below) are the handles...I'm used to really substantial handles on my other bags and they just seem thin.
No it doesn't smell like cheap leather... but I hate to say this, but the smell reminds me of cooked fish (not raw fish, thank God). I don't have problems with this, BUT it did surprise me when I got the bag. I just bought an MA Sage/Stamp and it doesn't smell like that at all! I'm thinking of sending it off to that purse maintenance place everyone talks about to get that smell out!
There's one on eBay, and she was the person I bought the bag from.