I have this bag in white (just like the photo), and the photos do it NO justice. The navy and gold accents are GORGEOUS against the white leather.
The leather is actually very nice, and not as cheap looking as the pics. It seems to be very well made, and I get so many compliments on it.
I bought mine in person @ Saks, and was SOLD on it as soon as I saw it. And the inside is not at all like you would expect. It's a nice heavy canvas type material and striped. Very cute and a nice contrast to the outside.
Good luck, and I say go for it!