This strap and bag is a great way to carry a small(ish) camera. Most of the time I use it without the bag, in wich case it’s simply a shoulder strap that lets the camera hang, easily accessible, at your hip. After using this I can say that I will never go back to a classic neck strap again, this is just so much more comfortable to work with. For the times when I don’t bring my big bag but still want to be able to put the camera away, I also bring the bag, which is just the right size for my X100S with hood.
If you happen to own a DSLR with some heavy lenses, Black Rapid has several other products that will suit your needs. After seeing the quality of this strap I wouldn’t hesitate to recommend any of their other products as well.