It is padded and the padding is actually reasonably thick, but it has no neck support, so bumping the guitar sideways or letting it tip over in this is riskier than I would recommend doing for fun. The nylon fabric itself is very sturdy and doesn't look like it will tear anytime soon, and the zippers also inspire confidence.
The pockets are only two, but they are well sized and will fit a notebook, strings, shorter cables, and other necessities. The carrying straps are padded and make carrying comfortable, but there is no single shoulder strap like on the more expensive gig bags.
This is still better than other gig bags at this price, but if you're out and about with your guitar often, it's well worth the extra grams and euros to buy the Thomann Premium models. After all, it's better to prevent than to cure an injury.
But if you move around by car or just leave the guitar mostly at home, you probably don't need the extra protection and practicality they offer and this is likely the gig bag you would get the most value from.