It can hold quite a bit of guitar shapes, it does NOT fit a LP style guitar though, as the neck is tilted. Works 100% perfectly with any Ibanez RG series guitars, and most other straight necks. If you do have a FR, you will have to take the trem arm out, for it to fit. It has a rather nice strap, so you can keep it on your shoulder while walking or whatever, but it's not very comfortable, it's got a nice grip for your hands though.
It has a whole bunch of storage room in it, so if you've got to bring cables and picks, strings, tuner, etc. it's perfect, i actually took it with me on a vacation on a boat, it contained quite a bit of my luggage.