I purchased the large sleeve..and others have stated, its a well made product although a little pricey for what it is.
After ordering, I realized that my Kindle in the original cover fits very nicely in my Original Lightwedge case (which zips all the way around). I think I am going to stick with the Lightwedge case for day-to-day use in my pocket book as its much less bulky. Not nearly as nice as the Waterfield sleeve but still protects from other items in floating around my bag.
I will keep the Waterfield case for packing when traveling though.
(You can get the Lightwedge case for $9.99 on Amazon...order the original size...it fits the Kindle in the original cover perfectly but may not fit bulkier covers). http://www.amazon.com/LightWedge-Sof...3523324&sr=8-7