Its a nice looking strap, I have a Levy's deluxe padded strap that think was about $100. Its hard to remember, I had shopped for a while to find a nice strap for my G&L; so when I found one I liked, I just bought it, wasn't worried over the price.
local Sam Ash & GC mostly have a large inventory of junk $20. straps that they shouldn't even charge $3.99 for If I were in the market for a new strap I'd probably order one of these. Thing is I can't tell if its $117. or $147.
Not sure why someone would care about the SBL logo. Its a nice looking Logo; would not bother me in the least. Do you worry over the logo on the headstock of your bass or the front of your amp? Do you pull the Ford emblem off the grill of your car?
Full Disclosure: I recently removed the MarkBass logo from the front of my recently acquired 210 cab, but only because I always use it vertically and I thought it looked dumb being sideways all the time. I had no objection to the logo otherwise.