think about it folks...A leather back pack for only $80??? Check out the hinges/fasteners on the thing. I bet that thing would buckle under the weight of 8886 (plus accessories). Anyway, I've had a laptop case break on me and had the Lappy fall 2 1/2 feet to it's demise (don't cry for me, I worked for the g'vt and they just bought me a new $3K lappy).
It's not worth the risk. I wouldn't even consider getting a leather backpack unless it was $200-$300. W/ something like that, you get what you pay for (unless it's a Kenneth Cole brand or something like that...). Actually, what you would be paying for (or not paying for in the case of this leather backpack) is the craftsmanship (craftspersonship?) and care in the stitching and materials. The buckles, zippers and bindings don't seem very good accoring to the pictures. I wouldn't touch it; especially w/ such a cool other option.
The Targus, on the other hand, suprised me w/ how good it is. PCTorque ain't lyin'. My boss said, "Wow, that looks like a $200 hiking backpack. Honestly, the lackluster hipbelt keeps it out of that range, but the quality of construction is impeccable. It looks cool (really cool; you'll get comments, I promise) and *snuggly* fits the 8886. I've lugged around the 8886 through airports in that crappy bag it came w/ and that was not an experience I ever plan to repeat. I was changing hands every minute to avoid fatigue. Maybe I'm just a wuss, but the backpack made carrying it comfortable and easy. Don't get me wrong, I didn't forget it was there, but the backpack is well-made, has nicely padded straps, and hold a load pretty well. Could've wished for a better hipbelt, but that wouldda looked funny in a suit anyway.
Or how about this as a final point of comparison: Try to see if they'll give you a lifetime warranty on that leather one... they do on the Targus.
Oh, and I'm not biased or anything to any vendors. FYI, I bought my 8886 from powernotebooks.com and think that they're great. Bought my backback from techonweb.com for $68+6 bucks shipping.