Eyelet rust!
The colors and ideas (a "Rate your experience" from Wowza! to Shudder on the inside of the back cover is fun) are the excellent quality you'd expect from Bo Bunny. Nice and sturdy divider pages with good shapes.
The problems are the eyelets on the front and back covers (6 total) are completely rusty and therefore there is rust dust all over inside the package. Also there is rust on the first and last pages that have rubbed against the eyelets. I actually like rust, so I've cleaned as best I can and will seal the eyelets, but it was a lot of work.
The other problem is that along some of the edges and the areas where the holes are for the rings, the paper is torn where there wasn't a clean cut.
Additionally, all of mine have very deep dents from the packet of rings. Interesting texture that fits with the distressed look, but quite deep and noticeable.
If you can find one without the rust problem, I'd highly recommend getting it. I've gotten 3 of them though in 2 different orders here and all of them have these troubles.