Going back to the OP what's it for? That little (I presume it's little) bag. I didn't see the presentation but I don't see what it's supposed to be. Make up bag?!
I love handbags and have quite a few. I have the Eldorado cross body bag in black and pink, a White/purple patterned overnight bag and a pink "satchel" type bag I use most days to carry my netbook and stuff to and from the office. I would quite like one as a flight bag but I need to go to the outlet shop as I can't work out the sizes of the bags on QVC in my head.
I wouldn't carry one as an every day handbag though as they're too casual to my mind.
I do think they're expensive for what they are but having said that my office bag has been used and abused for a couple of years. And it's looks as good as new. And the huge bonus for carrying a netbook and bundles of paper, notepad, pens and all sorts of other crap is that the bag itself adds no weight and is as tough as old boots.
I love leather handbags whether high street or designer but I also like Kipling. I don't really understand why anyone would 300 handbags full stop let alone 300 from the same designer. Where I can see the appeal of buying multiple Kipling bags if they're your thing, is because of all the different colours and patterns.