Possibly a fake.... not many original bags have feet and if they do they are tiny "For bags that come with feet (not all do), the feet are small and unobtrusive. They aren't pyramid or cone shaped. If you have a bag with large feet on it, chances are you have a fake." Read more:
How to Spot Fake Kate Spade Bags | eHow.com http://www.ehow.com/how_4510474_spot-fake-kate-spade-bags.html#ixzz0yLLEqZFq
The Sydney bag photo I have seen has feet i think (not the best picture) but its a different shape.
"The nylon Sydney has metal feet, as do the Finn, Quinn, Roger and Ruby. The nylon luggage has feet as well. See above for the styles that do not have feet."
The tag looks right but is it sewn into the bag or onto the bag? Its easy to sew a label onto a fake.... if it is easy to pull up on the edges or its not securely sewn its a fake. "All Kate Spade bag fabric labels are attached through stitching. That means they are actually stitched onto the bag, not that the label has stitching on it. Many counterfeiters put a fake stitching around the label on then glue it on. Pull on it and if it pulls up, it's a fake." Read more:
How to Spot Fake Kate Spade Bags | eHow.com http://www.ehow.com/how_4510474_spot-fake-kate-spade-bags.html#ixzz0yLMPKs37
most of kate spade's nylon bags, especially after 2002, were made in china.
"I believe this is a complete list: USA, Italy, China, Taiwan, Dominican Republic (very limited production there), Indonesia, and the Phillipines. Most of the nylon bags were made in the USA until 2002, but now they are all made in China and Indonesia. All of the nylon accessories I have seen were all made in China. Most of the leather bags are made in Italy, and straw bags are typically made in Taiwan and the Phillipines."
You can call kate spade and have them check the number (its a production number)
I don't know about the wallet... The strings that are coming off of it are not the usual, as kate spade makes good quality bags, was it pre-used?
I've attached pictures of the sydeny bags i've seen and the francis wallet