At first, I stated in this review that I didn't believe this case was leather. Now a friend who works in leather has confirmed that it is leather, just a rather processed variety. Rather than soft and supple, it feels rigid and sturdy -- which is probably a good thing. I have had one similar case before, which was the nylon one, and I do believe Thinkpad branded carrying cases are some of the best out there, especially at this price point. The laptop itself rests on a big piece of foam about an inch thick, and is hugged by two pieces of foam side-to-side with a velcro band across the top. Top-loading is easy and feels very secure.
Also nice is that the case stands up on its own. You can set it down like a brief case, pull out your laptop, and be ready to go. There are compartments galore, and given the outstanding staid and professional look and feel of the case, it should come as no surprise that there are sleeves for pins, business cards, a boarding pass holder, and even a divided filing apartment for important papers and contracts. Everything about this case says, "I have a 401k".
On the downside, it's really bigger than you need it to be if you're just carrying around your laptop and a charger. The otherwise convenient topload design isn't approved by the TSA's security theater, so you'll need to take your computer out at airport and run it through separately. Unfortunately, if you have a i7 processor, the charger brick doesn't fit in this case very well either.