This is a very nice find. I had looked around in local stores and could not find a replacement for my old fanny pack.

Pros:
The black leather looks nice enough to use as a full-time purse.
The leather is heavy enough to be sturdy yet supple.
It seems to be well-made.
Things don't fall out when the zippers are opened.
The front pocket is just right for my non-smart phone, and the velcro is large and sturdy enough to secure the flap.
The weight is nicely balanced when the fanny pack is full.
Large enough for sunglasses in a hard case.
40" strap sounded like too much, but the clever clips cinch well and prevent the usual "tail."
The front zippered pocket has 2 interior pockets that hold US currency nicely, plus a zippered pocket I use for coins.

Minor Con:
The front zippered pocket has 4 interior pockets that look like they should hold credit cards. However, they are about 1/8" too narrow for my cards. (Fortunately, there's room for an ID case.)