Okay, sorry pic is so big. I am not a big fan of logos, but I think this is pretty subtle and I like that its suede and not canvas. I like the color, too. If you love it, you should get it.
Just a warning - a friend of mine bought a Coach bag w/the beading last winter and all of the beading fell off w/in a month. I also think an all suede bag is hard to take care of.
I prefer bags that have simple lines but I think it's a little boring "been there done that" - why not try a more cutting edge designer? Something fun you've never tried before.