Neither a plushie nor a backpack
The plushie is of the same exquisite materials than the classic line, but the shape and fluffiness does suffer from the concept of it doubling as a backpack. As a backpack is not quite spacious enough, if not for very small items. The little separate bag the raccoon holds is a nice detail, but the confounded face kinda clashes with the more intended mischievous nature, but you might still find it charming.