Great bag at its price point. The quality is a lot better than expected; at about half the price of other budget gig bags, this still is surprisingly sturdy. It's not just some shapeless piece of nylon, like you get with some cheaper guitars. The straps feel fine.
There's no padding, but if you just want to occasionally take your guitar somewhere (particularly by bike or public transport), this would do. For more expensive guitars, I'd take Thomann's next offering, but perfect for cheaper guitars (particularly with a poly finish).