I got my Versa bag yesterday. It was at C$20 when I ordered.
It is very well constructed, certainly do not look or feel like a cheap camera bag, and certainly not a crappy bag. If you'd like to pay $100 more for 2 LOGOs, thats your choice. I do have some expensive equipments, and I don`t like to carry them in a bag that screams`EXPENSIVE EQUIPMENT INSIDE`
I owned and used many Lowepro, Tamrac and Kinesis products. This bag's construction quality is equal or better than them. But I don't have or used any Crumpler bags, so I can't say how close it is to Crumpler's.
Sig Electronics' only drawback: All sales Final, I found that out only when I open the package, and the invoice was RUBBER STAMPED with that note. In reality, does it make any economical sense to return a bag that cost $20..........