Slightly better quality than Thomann's own offering, this is a good bag for the money. I haven't used extensively for anything other than home storage so can't really comment on its ability to withstand wear&tear but seems sturdy enough.
I have bought several Gator bags and gigbags, and I'm really impressed with their quality. I haven't had any rips, tears, bad zippers or anything. Thumbs up to Gator for good quality-control. I haven't even ripped the fabric around the headstock.
If you're thinking about buying this particular gigbag, you should know the padding is very thin. So if you really want to protect your guitar from the world, then get something else. For me it has worked perfectly, but I don't mind my old stratocaster getting the occasional bump sometimes =). It's really slim, so you can cram it down anywhere. No external pockets to get stuck all over the place. Just a simple, slim gigbag that gets the job done well. Really cheap to!
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