I haven't actually carried the yellow bag yet (I got distracted by a beautiful deep magenta/fuchsia addition to my small collection) but will check on the softness and "give" of the leather.
Kristen, the yellow is a bright, bold, saturated, true yellow. Not pale and lemony and not mustardy.
I absolutely love the size, shape, and color of it. I was initially disappointed to see that the tassels probably need to be left attached, but I got over it. When I get home, I'll check out the softness factor and get back to you all...
And where were you, BethW, when I desperately needed someone to tell me why I should not buy this bag? You reap what you sow, missy.