I'd say the WORST thing I can honestly say about this wallet is that it is a little stiff, BUT after some wear it does eventually soften up a little bit.  Like most people have already said, it's well constructed and has very clever features like the currency divider and pull-out license/ID window.  I don't really feel the Victorinox logo poking me at all.  Like a lot of people, I wear my wallet in the back pocket and while you may notice its stiffness at first, you do get used to it.  Like any Victorinox product, it is a well constructed quality product and for a velcro closure, it doesn't look or feel cheap or cheesy.  This is my first non-leather wallet and I've had it for a few months now and I'll never go back to a leather wallet.  I liked all the leather wallets I've owned, but they just wear and fade (like leather does) but I think this will last a long time and it just compliments my Victorinox Swiss Army chrono watch....