I was able to to get my hands on the Philip Lim handbag/satchel and I am in l-o-v-e. Here are some pictures of it:
Bonus picture via 31philiplim just to show you why Philip Lim is awesome
You can find this bag at Target, unfortunate, it is sold only in store (but sold out in most stores) for $44.99. For reference, it is this bag here.