Here it is pre-felted (it's in the washer right now).I decided to add a swiss darned initial (can you tell it's a K?). I'm anxious to see how that felts up. If it looks silly Plan B is to put an applique or something over it. I also mitered the bottom corners of the bag to give it a little dimension. I am planning on lining the bag to give it a bit more structure, I have made felted bags before and they are just to floppy for me, and I need a little pocket on the inside.
This is a nice straight forward pattern and definitely easy to knit, it was really fast too! Once it's done drying and lined I post a finished picture.