I am a Timbuk2 fanatic. I own 5 products (3 bags, rolling suitcase, tablet case.) I have also owned an Ogio golf bag and won a laptop backpack at a conference.
This bag appears to have grabbed a lot of the nicer features of T2 bags: TSA friendly laptop, napoleon side pocket, internal dividers, etc. It appears to have less pockets than a T2 messenger bag, but those have an excess for most people.
The nylon on my T2 bags seems more classy and "luxurious" (as much as nylon can be) than the Ogio to the touch, but I have not noticed any difference in durability or performance.
The real quality difference I see between the two companies is the zippers. T2 seems to have more robust zippers and sewn in a bit more securely. That said, I have yet to have a zipper fail on either of my Ogio products.
If money isn't an issue, I would always recommend T2. However, for this price, it seems like a well designed bag, and if the material is like their other stuff, it will be durable and hold up for years.