Update: My white Mini-Margot bag will be on its way to a new home tomorrow and my black one should be here Wednesday. I can't wait


I found out it will actually hold a ton. Although the website says it is 2" deep, it is really almost 4" deep because of the pleated bottom. I put the following in it:
- a flip phone type cell phone
- a digital point and shoot camera (in the non-zippered pocket so it is protected by fabric on both sides)
- a trifold leather wallet (in the zippered pocket)
- a 3x5 notepad
- a Pocket Farkel game (six small dice and a shaker)
- a pen
- car keys with two keyless entry things
- hard case for clip on sunglasses
- lip gloss
- a neoprene sunglasses case with 30 Disney trading pins
I didn't even have anything in the outer pocket (planning to put maps and times guides in there for WDW).
The description on Disneystore.com isn't very specific, so here is some more info in case someone is interested. When it is set up as a crossbody bag, the straps range from about 46 1/2 to 55 inches. Part of the strap can be removed from the bag (a center section comes out) to make a shoulder bag with straps ranging from 20 1/2 to 24 1/2. All measurements are strap only (from the metal band that connects the strap to the purse). You can get another inch or so by moving the straps on the side to the other notch.
All straps adjust in about inch increments.
Since I didn't see this posted anywhere, I thought I'd put it here in case anyone is interested. Send me a PM with your email address if you want pics. Again, the purse I had is gone now, but since I'd already done all this measuring and test fitting, I thought someone here might benefit from the info.