I'd say it's mixed, I think it might even depend on their generation lol. My mom is more familiar with the pequin stripe and knew it right away. Women my age (mid 20s) just love how it looks and can't really tell it's a Fendi at first unless they're very familiar.
I think people are also pleasantly surprised/excited so see a Fendi that's not a baguette and/or something with the zucca print.
I should add, I love the quality. It's not lambskin I have to guard with my life, or watch out for scratching, etc.