Update:
After a bit with the wallet, It is better than expected. No rips no tears and the materials have held up well. There is enough space fo all my cards cash a pen and chapstick in the wallet itself without it being unable to shut or bulging. There is no key holder but with the wristlet attached the keys can be clipped there or placed into a pocket. Walmart sells key silencers and those helped with the noise ( 3 keys house, POBox, and key fob)While not clear enough for easy use the touchscreen of my phone is accessible and viewable while in the outer pocket. This pocket is secure and fits my phone with a slim case and can be removed by pushing up the bottom of the outer pocket. The long strap is long enough to be cross body even in bulky sweater, it fits in my bags easily and can be worn and not be bulky and taking up so much space. Plan to purchase different colors it is worth the money.
Bigger than expected but unlike the last bag it is small enough. I'm a mom of a 2 year old and travel quite a bit for work so it's important to me to have one less bag to carry either way. It is small enough to be put in my sons diaper bag or my work bag if needed. It is a bit larger than a previous wallet I bought at Ross and cant find the style anymore. Going to give this a trial so far:
Pros:
Two ways to carry with cross body strap and wristlet
The straps connect at different point so it does not look cluttered
The material feels nice and sturdy for the price but not the straps
The front pocket fits my LG Premier Pro phone with slim case without issue
The purse has a simple appearance but not to plain which translates well for work.
Acceptable level of card slots and the seperate ID window are nice. I turned my cards up instead of sideways to allow for quick grabbing and as in the picture the wallet will still close this way.
Instead of mesh mine had a plastic cover over external pocket
Cons:
The long cross body strap and wristlet strap feel cheap and not sturdy as other bags
While acceptable for the price the materials are not the best and I'm not sure how long this will last
No key hanger means attaching keys to the strap and I'm worried for the added weight
A bit bigger than expected for a wallet but smaller than a cross body bag

Love all Three purses

This even holds my passport, plus cash, coins, and all my credit cards, and obviously my phone!!!!! This is TRULY A BEST BUY, VERY FUNCTIONAL, AND EXCELLENT QUALITY !!!!!

I was thrilled with this when I first got it, but the lining is cracking on this after using for about two months. I do love the idea of it though - it's like a bar purse - when you don't want to leave it on the table and you just need something to put your cellphone in along with wallet contents. I don't think it holds up for everyday use very well. I'll probably put it away and just use it when I go out for the evening.

The price is great and the appearance is wonderful. I also really appreciated the combination of two different areas for card slots in addition to two different areas for cash/receipts and a coin area. My phone fit just right inside. Sadly, after about six months of wear the attachments on the purse holding the strap broke off. This is because by the time you have the weight of your phone and other items inside it the weight is a bit too heavy for those small sewn on attachments for the strap and they break loose. I'd recommend the manufacturer secure these with a wider piece to better prevent this area from coming apart. If you don't carry any coins and don't put too many cards or other things in the inside section and your phone isn't too heavy you should be ok for a longer period.