The before shots I took are trapped on Mike's camera. This is an after shot. I don't like the handles and feel that they are too long and too weak. I'm thinking about busting out with some grommets and recycling the straps to run lengthwise rather than along the sides.
(Watch the caption on that one if you click through as it's NSFW)
Overall, I'm fairly happy with the yarn for this bag (I used Bartlett's Fisherman 2-ply). I was concerned that yarn would felt and yet retain some of its initial roughness. It felts up with almost a mohair effect, though. Of course, I have to shave the bag (oh, that sounds naughty) and trim any ends that I missed snipping pre-felting.
Prior to installing the grommets (and, by the way, I love grommets!), I'm going to make a lining for the bag. The upside of having it over-felt is I should have more than enough fabric to do a full lining. Lemons --> lemonade, right? I have tomorrow off, so I might spend some time with my sewing machine then. Hopefully, I can have the whole thing done within the next week so it can see some use before summer.