While I don't think that bag is *bad*, it looks to me like the pockets are kind of disproportionate to the rest of the bag, which makes me think it's not worth $120. I don't know what specifically you are looking for (suede etc.), but I really like the look of Tano bags (musthavebag.com), and they are in the same kind of price range ($100-$200 ish). (comes in black) There's other ones too, but that's an example.
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"In matters of grave importance, style, not sincerity, is the vital thing"
i'd skip it b/c i wouldn't want to carry suede in the spring (and i think the design of it is nothing spectacular). the one calico posted from tano is cuter and more versatile imo.