Got my STM Jacket today. It's really quite nice. The quality is great. It's plain, but not as plain as others. The material is woven with more than one colour which gives it a grey look from afar and black with white/silver speckles up close. The teal blue is a nice touch. I do wish it came in some girly colours like pink or purple stitching, but even though it's not girly at all, it's a heck of a lot better than most of the other bags I've seen which come in red, burgundy, olive green or black.
The iPad fits great, it's easy to put in. The included shoulder strap is nice and will be great for the days that I have extra stuff to take to work (like it's raining and I have to carry an umbrella!). I tried my brother's iPhone 4 in the front slip pocket and it worked nicely.
The new shoulder strap clips are spring loaded and they aren't super quick to clip on/off (have to squeeze and flip a metal piece), but they will be super secure. The hand strap on the top of the vertical end is super useful and what I will use daily to carry my iPad to and from work.