The interior dimensions are actually the external dimensions (as measured by the respective widest point), that is my 12-inch Thinkpad X200 into does not fit into the alleged 12-inch shell, although its external dimensions (have measured it) even a bit smaller than the interior dimensions specified this bag is. In fact, this 12-inch notebook sleeve is even less (!) Than the pack-shell of my old 10-inch Asus Eee PC, in which the 12-inch Thinkpad fits tightly and also a 12-inch netbook from Lenovo well into fit. At first I thought I had mistakenly ordered a 10-inch version or an Amazon employee would have been out of print, but the bag will actually be the 12-inch model, according to manufacturer-trailer. Perhaps the manufacturer a copy or a series has indeed mislabeled.
To smell: I like him. The neoprene smells as neoprene has always smelled: after diving holiday in the Maldives or the Caribbean! ;-) But only when unpacking. If the fragrance is gone, you really have to go with your nose to the bag to smell the typical neoprene smell.