No it is not being discontinued just changed. Ask to see the lookbook. My SA showed different 6 ring key holders monogram with colored interior in the lookbook. I recall seeing fuchsia and a lighter hue. Also there is a slight design change. Release date in June/July. I assume they stopped making the old design and plain interior and there will be a shortage until the new designs come out. I almost bought a plain monogram one until she showed me the lookbook and told me to wait for the fuchsia colored interior! If the SA knows you well he/she will let you see the lookbook. Actually my SA is cute she asked the manager before showing me since I just bought a $4250 bag the soft lockit he quickly nodded and smiled at me. Lol. She also told me the classic speedy bags without the straps will be redesigned at the closure I assume because of complaints of gaps at the ends when you zip them up and also slight change in hardware shape.