I tried it on last week in Cultstatus (where I believe this shot is from) in a Caramel. It is unbelievably lightweight - definitely lighter than my City or Part-Time.
It's gorgeous leather, and you can wear it from the strap with the two zippers facing inwards, so it looks like a normal satchel.
Great capacity, and it because it is so unbelievably soft, it collapses in on itself when you carry it from the little handle. I imagine that with use, the bag's zipper line would also soften up like Bal bag zippers, and it would get that little dip in the middle when carried from the long strap.
A cute bag for sure, and definitely a whole lot more roomy than the Town: two totally different bags.