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Though some thought they heard the death knells of the It Bag last year, we think they were mistaken. It's true that flashy pieces like the Balenciaga Motorcycle bag, the Hermès Birkin, and the Louis Vuitton Speedy might have fallen out of favor for being… well, too flashy, but that doesn't mean you can't find a bag that will still feel special in that subtle way you crave. 2012 is chock-full of options that are practical and beautiful, and range from impulse-buy prices to higher-end pieces worth setting aside a chunk of your paycheck. Here are our picks for the most likely contenders for 2012's It Bags!