This pack has been a good friend of mine for the last month or so. Basically, it's just plain useful, integrated tool holder doodads, separated felt lined pocket for your fragile electronics, u-lock holster. All the essentials for a good price, handmade in the USA.
I fit two 12oz glass bottles of Reed's Ginger Brew in this thing along with my wallet, it looked a little janky but it worked. Sometimes I use it in conjunction with my Timbuk2 Magnum if I want to keep it light, but still have a nice supply of snacks. If you want to tear around town on your bike and keep your wallet, phone, and keys safe/close at hand, the Henchman is a good option.
I have given Scrod some good suggestions which you may see in the future, I'll keep you guessing for now. One thing I'd like to see(you can input your thoughts as well) is reflective,
maybe a light loop, and an interior of lighter colored fabric. I love this damn thing and I use it almost every day, support Scrod and Angie!
http://www.retro-gression.com/product/henchman-hip-bag