This is the 3rd Generation wallet. This is very similar to the 2nd Gen wallet with a few modifications. The leather is different, same long lasting great quality that will conform comfortably in about a week of use, but a stiffer sleaker texture instead of the grainy one the 2nd Gen. Also the phone slides into the pocket lined with soft felt to keep it more protected. Last, the outer money sleeve was removed resulting in a much smaller sized wallet that fits in your hand great and hugs the iphone inside it perfectly and still carries all the essentials. note* 3.0 is very similar to the original wallet with higher grade manufacturing.