She is tiny, the bag looks huge in her hands!
I have loaded it up with my usual stuff and it is a tight fit and the bag is heavy. I walk to and from the train station to travel to work, so weight is a concern for me. Although that hasn't always stopped me from carrying a bag that I love!
I have found that putting larger items like my wallet and mini-ipad and cosmetic case in the back compartment makes it easier to access the front zipper pocket; but it is still tight and I have already hit my thumb and the back of my hand on the turnlock a few times just getting in and out. That could get annoying but maybe I can learn to avoid that?
I have doubled the strap and that helps with the weight and the shoulder comfort. It leaves about a 10 inch drop which sounds fine but the satchel handle kind of gets in the way. It might be a tight fit when wearing a heavy winter coat.

I got mine for the same price as you and love everything about it. I find it to be the same weight as my medium zippered boroughs and carry it almost always on arm and in hand.
I don't carry my mini ipad with me hardly (maybe in a city tote) since it would add weight, plus I clear out my change purse so that isn't heavy and don't carry many cosmetics just lip gloss.
I also use Coach conditioner on the leather to protect it.
I would buy another one of these in a heartbeat. You should try it with different outfits and think about it a bit before you return it , just to make sure you can part with it.
It is a nice looking bag that I have fun carrying, so it is not a work horse for me. I just like the design and structure of it, and definitely like satchels and shoulder bags equally.
Here is the mod link of mine in MOD SHOTS recently (scroll down to bottom of page)
http://forum.purseblog.com/coach/dedicated-thread-to-mod-shots-741693-662.html...