I agree with GadgetFreak. I've taken mine to Europe a couple of times and I really like the Exo. The strap allows me to carry it easily, with no hassle, and the optional pouch clips on to the sleeve and holds the power adapter, cord and earbuds. It makes for a tidy package that is compact and gives great added protection. If I'm walking about town, I just slip the strap over my neck and arm. When I go through airport security, I put the strap and pouch in my carryon and put the Exo with the iPad in it directly on the belt.
I won't go into hyperbolic rapture about it being the "best in the world" or "perfect", but SFbags are high quality, look great, and the company gives very good customer service.