"The Team specs (medium) are 2200 ci main compartment, 700 all pockets, 400 for the extension collar. The 2004 model claims to have a new material that is "29% stronger" than the prior year's model. It has two small pockets on the hip belt, which are usable even when the belt is cinched down. Two "stretchy" bottle pockets also on the hip belt. One mesh pocket on each side, also about right for water bottles. One large pocket on the back. Two pockets on the lid (one small, one large). Two water bladder compartments inside the main compartment. Compression straps on the sides and back. I have enough room for a weekender in cold weather, with a little room to spare. After adding a 400 ci add-on that I have, I would have enough room for a week's worth of food.
Notes from my experience with the Team:
The larger top pocket is 70% mesh on top, 30% material on the lower part. The mesh let in rain which pooled in the lower part. They should make it all mesh or put in drain holes; this is only a minor problem.
The main compartment does have drain holes, nice touch I would have added on my own anyway.
The 2 water bladder compartments are inside the main compartment against your back. No way you can refill them without removing everything in your pack. I ended up putting my Platypus on top of everything else in the extension collar so I could get to it easily, and it was still in a good place for a heavy item. They do give you 2 small slits where you can stick the drinking tube out of the pack - I could still use these slits with the Platypus at the top of the pack. I didn't worry about leakage because I don't use a rain cover, I pack everything inside in silnylon bags and forget the cover.
The lid is non-removable and does NOT float. The side against your back is sewn to the pack. The down-side is if you have the extension collar full you can't move the lid on top of the full load, it ends up between your head and the extension collar and with less room in its pockets. This is partly why I kept my add-on so the collar would be mostly empty. Acceptable for a week-long trip when the collar is full of food, but not when I had other options. Would be nice if they allowed it to float - then it could also be removed and used as a day pack.
The two hip belt pockets are very usable even with the belt cinched tight. I had little problem getting a fairly large camera in and out. Those pockets were really nice for my camera, map, and chapstick. One pocket is mesh, one is material. The other two bottle holders on the hip belt I ended up using to stash a silnylon bag with all my toiletries, and the other held my fuel bottle (put the fuel weight right on my hips). They include two stretchy "bottle holders" to attach bottles to your shoulder straps, but I removed them and then used them to secure the stuff in the hip bottle pockets.
They give you yet another 40 ci pocket which attaches to the sternum strap. I left that at home, looked like a pain and it would trap sweat/heat on my chest, no thanks.
More than enough compression straps to make it usable even as a day pack. Hated the only color you can get - sun yellow - I prefer dark green, but I figure it will add to my safety during hunting season.
The padding on the shoulder straps didn't cover all the points that touch near my armpit - I have wide shoulders so I wasn't surprised. I am going to add more padding to fix this"