I think the bag actually pulls the outfit together. Without it I'm not so sure ;)
I have to admit, I was a little skeptical from the thumbnail, but I actually like the outfit. It's on the border of ugly and cute, but it works. ;) On a random side note, I was poking around your blog and saw your huge, packed bookcase in one of your old "apartment features". Would you consider doing a favourite books post or something like that?