I love this purse. I've had mine for about five years and just bought this one for a friend of mine. The colors are great and stay forever. Mine has yet to fade. The material is sturdy and all the compartments are great. I took mine to Paris and had it in backpack mode. A guy tried to pickpocket me and had managed to unzip it completely without my noticing, then when he made his final move to get inside, he tugged on it to get the magnetic flap open (probably didn't know it was magnetic) which alerted me to his actions and I promptly turned around and yelled at him, stopping him in his tracks. So this is great for traveling too!

UPDATE: I just lowered to 3 stars because within a few months, the straps started cracking and peeling. This didn't happen with my previous one, so clearly they are using cheaper parts now. I don't recommend it anymore. :(