This bag is just what I was hoping for.

It's got several pockets to keep things organized. It has two side pockets on the inside and a divider inside, as well.  On the outside, it has a small side zippered pocket and a large elastic side pocket for a water bottle.

It holds a lot, but doesn't look humongous.

I use it for work and keep folders, pens, snacks, etc. in it.  I also use it for trips for my laptop and clothes.

I've washed it several times in the washing machine with no problems.

It's a great all around bag.

UPDATE 3/22/2013
I'm still using this daily for work for my paperwork, folders, games, toys, etc.  It's held up being washed many times.

The only stain on it is from gum getting on it in the wash.