There's definitely a niche for a bag that's more the first color - a soft black. It reminds of Anthracite, with its undertones and its slightly metallic look. I really like gray/soft black, and my anthracite sometimes looks like that - but with more blue. The green in my AnthraCity is harder to see, but it's definitely there. Outdoors, though, the AnthraCity definitely looks more blue.
That second picture is closer to how I pictured Steel - it's disappointing that Steel is so much like Anthracite. A really elegant silvery-gray like the second picture does seem to be The Bomb - I'd wear that with nearly everything, and it would really pop like a bright color next to black.
Sigh. They just keep us hanging on, wanting more colors - but no other quality bags seem to take color this seriously. That second bag would be great for a girl who likes silver jewelry (despite the RH) if only it looked like the second pic! All the other pics I've seen make it look black, unless there's an actual black next to it.
BTW, the Black City I bought from Barney's BH and then returned late last Winter actually looked soft black, very veiny, sparkly and almost metallic - not the rich dark black of 04 or 05. I really liked it, but because it was such a soft black, I find that Anthracite works in the same way - but is so wonderfully chengeable and blue, it's really more versatile.