Topeak's Compact Handlebar Bag holds plenty of gear for on-the-bike use and it converts into a fanny pack when you're off the bike. It's great for anything you want to keep close at hand. It features a divided main compartment to keep your gear organized. Plus, the Compact comes equipped with Teflon coating and a full rain cover for when conditions are less than ideal.
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Ive owned this bag for about three years, and it shows no major signs of wear. This bag is easy to attach and detach. It's also small, but there are larger options from topeak. Very convenient for small items, and it protects pretty well. There is no map panel, and the "fanny pack" option is pretty inconvenient, since it uses a large detachable connecting strap that consumes most of the internal capacity. The fanny pack is also uncomfortable to wear, due to the plastic mounting bracket. So as a small handlebar bag, it works well and is sturdy, but the fanny pack option is pretty useless. In fact, I eventually threw out the connecting strap, so now the fanny pack option is gone.