I have to admit for this price I was not expecting much as this is not much more expensive than some nylon straps.
The strap is nice and wide and well padded and makes it very comfortable for some of my most heavy guitars. It is nice to have the two different length holes for a strap of this price i.e. sitting and standing holes (I have always assume that is what they are for).
The leather is quite nice and the white suede'ish padded inside. Most leather straps are around 3 to 4 times the price of this, and yes, it probably won't last years and years but I am not expecting it to for this price.
All in all, it is very comfortable and allows hours of playing without too much discomfort. Some people have said the material is too stiff, but I think this also goes to help distribute the weight across the strop, so I have no problems with it.
For the price, it is a bargain.