I came across Navoh, a "new to me" brand of bags thanks to this post by Dallas Shaw. I love this Christopher Pale Pink tote ($79.99) because it's got a nice simple design and you can carry it over your shoulder/cross-body or with the handles. In fact, most of their bags are super affordable and are under a $100 or close to it. It's pretty refreshing as these days it feels like bags are getting more expensive for no reason except to feel "luxe".
The Isabella bag ($99.99) shown in their F/W 2010 look book is like 4 bags in one! You can wear it as a shoulder bag, shoulder tote, clutch, and tote without the handles. It's so fantastic that blue and black are already sold out, but you can still get it in brown (shown below).