I have one, and it's a nice, compact, low-profile bag. The material looks like the Swiss (or maybe it was Belgian) Army medic's bag that I used back in the day. It holds a M body with lens, an extra lens and sometimes an extra body and is easy to work out of with that gear. The outside pocket will hold a lot of film, or a pair of binos if I take it to a ball game. The Velcro silencers are a nice feature, and can be reversed--there are some places where you want to hear that stuff tearing open, as it means someone is trying to prowl your bag.
I don't think it's overpadded, except maybe on the back. It's loaded up with a few things I don't use, but I didn't have to attack it with a sharp knife to do that--the carrying handle just needed to be unthreaded. I couldn't figure out the rain cover, and it looked like it would make the bag difficult to work out of it I did figure it out, so that came off, too. I wish I could lose the zipper on the back pocket--I usually just shove a newspaper or magazine in there, and the zipper restricts what I can stuff into it.