I sort of impulse bought this bag. I don't have the original flamenco bag and it's never been my vibe really, but I was looking for something that's soft and squishy and a nice colour for summer. I have loads of structured bags. I fell in love with the emerald colour and ordered the bigger size.
As to comments here, I must note that the bag is extremely light, it is unbelievably light even with the chain attached and with all stuff inside. The leather feels amazing, it is so soft. The bag doesn't fit as much as I thought it would, though, but it fits everything I need to carry with me. I danced all night wearing this bag and hardly noticed it. It is also supremely comfortable because the leather is so soft and because of the lightness. Yes the strap is thin but it's no bother when the bag is so light. I struggle more with strain straps to be honest. I do love the choice of chain strap and leather strap, I can dress the bag up and down. The colour is versatile, too, I can see it working in the autumn as well, as a pop of colour.
My only niggle would be that I would not recommend this bag style to someone who's worried of theft a lot. The top does close with a magnet and you can pull the leather straps to tighten it, but while carrying the bag it doesn't really stay very tightly closed. I live in a very safe country, so it doesn't bother me, I carry a lot of bags that won't even close. There's no zipped pocket inside either.
And I agree the prices are getting insane with all of these brands.
But still very happy with my purchase.