Previous to this I has a Swiss Gear wallet that had a handy removable section that was just big enough to hold a driver's license and a couple of credit cards.  That was perfect for when I didn't need the "full wallet".  It turned out to be quite difficult to find something similar.  I would say that this wallet is even an improvement on my former one as the removable section appears to be a slightly better quality and design.  It fits a little too firmly to be withdrawn and replaced quickly, but hopefully once it's broken in that will improve.
You may not be able to tell from the pictures, but there are two sections in the bill area.  This is great for keeping receipts and change separate from bills.  In addition, there are two "hidden" pockets behind the credit card areas.  Great for stashing lesser used cards, backup keys, or other small items you'd prefer hidden from immediate view.
As others have mentioned, the leather does seem a bit thin, but this item may earn a 5th star if it turns out to be durable.