I agree with mchurchm, leather on the handle, flap and bottom, but thats it. May look cheap compared to an all leather bag, but the price is reasonable.
This bag may not be good for those who want to put a notebook PC in it, because the description doesn't specifically say it has a compartment for a laptop.
On Tuesday, I picked up a beautiful all leather Calvin Klein briefcase (has laptop section) at Staples B&M in northern NJ for $40. They had some nice messenger bags too. This was hot, but I did not post because it may have only been at the one location. The list on the tags was $225-$255. If anyone is interested, it might be worth stopping by a Staples or give your local store a call. Wasn't available on line.