i think that, for me, it's a combination of the first two choices in the poll. i only started really "splurging" on bags this year (i'm defining splurges as $500+)....my first love has always been shoes. and, just like my first pair of manolos, my first high-end bag had me at hello! i love everything about them - styling, quality...well, i don't love the price, but what can you do?
i guess for me, i love carrying something around that i think is truly beautiful - my hudson, for example, feels like a work of art to me, and i just adore carrying it. no matter what my outfit looks like, i know that bag pulls it all together...no one's looking at my 5-year-old gap turtleneck when i'm carrying the hudson!
as for MJ, i've always had a little design crush on him...i love his ability to split his time between fun/funky and truly classic bags. and it's just turned out that i've adored his 2006 collections. i can already tell i'm going to save money next year since s/s '07 is not my cup of tea.....but that's how it goes. some years it's love, some years we save for the 'love' years!
though how i've gone from cringing over a $300 bag to happily plunking down over $1,000 for one, in six little months, is beyond me!