This is a great step up from the nylon version of the wallet. First of all, company logo is now pressed into the leather, which doesn't add to the thickness of the wallet (compared to the sewn in rubber logo of the nylon version). Second, the leather material (according to my wife) makes this a more professional looking wallet.
I'm currently using this with 8 cards in it, and it's handling it quite well.
Minimalist without stripping out features.
Cons-Slightly slick texture, which makes holding the wallet to pull out cards a little bit of work.
-Possibly not as waterproof as the nylon version. (Though I haven't accidentally tested this yet.)