My new E-P2 came in, and with it, a Manfrotto Bella V camera bag. I thought I would throw up a quick review with my initial impressions from using it for the past couple of days. I bought the bag as a replacement to a cheapy Targus bag that was party to the destruction of my old E-P1. I wanted something that was relatively small and offered good padding. The less it looked like a camera bag, the better, though this was not critical in my decision. I wanted to be able to carry the camera, a few accessories like batteries and SD cards, and my most used lenses. I have a bigger bag (a Chrome Mini-Metro with a BBP camera insert) for when I need to carry more. I chose the Manfrotto Bella V because it was about the right size, was pretty inexpensive, and had a simple closure system that would allow easy access to the camera and lenses. I swap lenses A LOT when shooting, so this was critical. One of the things I really liked about the Manfrotto was that it was shorter than most bags which are made for a DSLR. I got the bag in the Cord (or dirt) color, as no black or white bag would stay that way for long here. The construction of the bag seems to be pretty good. Time will tell if seams and fabric are made to last, but they seem tough enough. Both the strap and carry handle are sewn through to the bottom of the bag, which was a nice surprise. I definitely am not worried about them blowing out and dumping the bag. There are plastic stiffeners on the sides and bottom, which provide a lot of structure and keep the bag from collapsing. The padding is thick and firm, but not overly so to the point of being needlessly bulky. The bag is padded on all sides. There is a zipper around the lid, so you can zip the main compartment up when it is not in use to provide more protection for the contents. This is a little superfluous, as the lid seals pretty well. I can't see anything falling out of the bag, even without the zipper. One nice touch on the Manfrotto bags is the metal female side of the side-release buckle. It definitely adds a touch of class. In person, the cord color is a very greyish tan. It is a very attractive color. The bag itself is nice and stylish, particularly with the red accents. It looks like a camera bag, if you are really worried about that. The bag comes with two dividers, one full-length and one that folds down. Only two thirds of main compartment are covered in the material that receives the velcro, limiting how far over you can place the dividers on one side. This seems like an odd choice, though it does not affect my set up whatsoever. I have the bag set up to take my E-P2 with EVF-2 and a lens attached, along with my Konica 135 3.2 and Nikon E-series 50 1.8, both with adapters attached. I usually have the Panasonic 20mm attached to the camera, but any of the lenses can be attached and the camera will still fit, lens down, screen up. It is tight with the Konica attached, but it just fits. I have added a small half divider from my old bag to better create the shelf the camera body sits on, but it isn't really necessary. I also carry an extra battery, cleaning cloth, body cap and spare lens cap, and an SD card in the front pocket. I can fit all of this kit in without trouble. It is possible I could have downsized to the Bella IV, but it would be very tight. The Bella V is a great size for this kind of setup, with just enough room left that everything doesn't feel cramped. In use, the bag is comfortable and easy to access. The strap is unpadded, but the bag is light enough (even loaded) that it has not bothered me. The carry handle is well designed. It stays out of the way when you don't need it. It is very easy to get in to the bag to get the camera or swap lenses, thanks to the single-buckle closure and the shortness of the bag. The bag is lined in a light grey fabric that, combined with the short depth, makes it really easy to see what is in the bag. Note that the bag will not, in any way, conform to your body, so if having a box strapped to you is going to bother you, this is the wrong bag for you. On a bag this small, it hasn't bothered me. It probably would on a larger size. I only have a few complaints thus far. The front pocket could use a little more organization. As it is, it only has a small pocket inside made for a Manfrotto Pocket-series tripod. This seems like an odd choice since those tripods are made to stay on the camera. The pocket is useful for SD cards or even a battery or cloth, but I could use one or two more small pockets. As it is, all those things just go in to the front pocket loose. The main buckle, while easy to release, is a bit difficult to close with one hand. This is in part because the male end is not on an adjustable length of nylon, and is instead fixed in position. If you have a lot in the front pocket, it wants to stick straight out instead of up. The other part of the problem is that the metal female end of the buckle has no flex. Right now, the closure is a bit stiff. I think as the male buckle wears in, this part of the problem will improve. Overall, the Bella V is a well thought-out, inexpensive bag that is, critically, designed with CSCs in mind. What complaints I have are minor. Thus far, I would recommend it to anyone looking for a cheap bag for a small M43 kit. I will keep this updated as I use the bag more. If people are interested, I can also add pictures of my setup.