Thank you so much for all the feedback. Truly an amazing community
So I decided to keep it in the end. Although I was not excited when I received it, and I panicked when I ordered it, I actually do like the bag - I fell in love with it for a reason right?
There were a few things that helped me make the decision
1. I cinched in the side belt and got the gussets at the tightest settings, it changed the boxy feel
2. Popped some cardboard into the front compartment so it keeps its smoothness then put the strap in the zipper pocket behind it.
3. She will only be a crook of the arm or handheld bag for my frame. Keeping the straps in the front pocket in case I ever need to be a little handsfree. This made a big difference once I accepted this. I love small handbags because I love wearing bags on the shoulder or crossbody. But I just needed to understand that this is not a small bag so I need to style it differently. This made all the difference!
4. I also did some handbag organisation this weekend - realised that all my bags are the same size wise and this is why the size seems so weird to me. And also why I need to change things around. I am that crazy chick that carries 2 or 3 bags everyday! I need to consolidate into one bag for my sanity!
Thanks for helping me decide (even though I kept it in the end!)