For a tiny pack, REI Outlet currently has a Pacsafe Venturesafe 150 Cross Body Pack - 2012 Closeout on sale for $27.73.
http://www.rei.com/product/856329/pacsafe-venturesafe-150-cross-body-pack-2012-closeoutI got one to try changing my EDC "system" from a waist pack, mainly because it is large enough to carry a 7-inch or 8-inch tablet computer. It holds an iPad Mini with protective case just fine, with a small amount of remaining room for extra gear. I'm pleased with its quality/construction.
Steve
Do you think that pack would hold a pair of medium sized binocs?
A definite maybe!
This video is the best I've seen for showing how much you can cram into it; there are others, too:
http://m.youtube.com/watch?v=IUS1WepdSDkFor medium binocs it would be hard to say. If it is any help, prior to settling on the iPad Mini I was able to just fit a slightly smaller 7-in. Android tablet into the pack, along with a plastic VHS cassette case that was crammed with supplies, plus a sleek 3-cell AAA flashlight and a small amount of other supplies. I had to ditch much of that to hold the larger (mainly wider) iPad Mini.
HTH,
Steve
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"After I had solaced my mind with the comfortable part of my condition, I
began to look round me, to see what kind of place I was in, and what was
next to be done"