After two babies, we've still never owned a "real" diaper bag. Our excuse: the right one never came along. Most are a bit too large, too froufrou, and too single-purpose for us. But the new Compact Journey Pack by Petunia Pickle Bottom is not only just the right size and just our style, we can imagine using it for years after diapers are no longer in the picture.
Measuring a mere 12" by 12" and only 4.5" deep, this bag boasts an incredible number of features, including two exterior snap-off bottle pockets, a wide flat back exterior magazine pocket, a lined cell phone pocket, a water-resistant changing pad, and a monogrammed plastic wipes case in a coordinating color. (No word yet on a miniature Roomba for keeping baby's bum extra clean, but perhaps they're saving that feature for a later release.)
$136 at Design Public (There's also a full-size Journey Pack for $146.)