No, I dont think so. Actually, I didn't buy Balenciaga for about 10 years because I thought was a bit "It" bag-ish (and I was a university student when it first came out). I finally caved this year grabbing a 'new boutique fresh' First (although it was on sale and from 2009 season) because I loved the colour & HW combo, loved the design, and didn't have a casual-ish bag in this size/volume and carrying options (handheld and shoulder). Most if not all of my bags are purchased with purpose in mind though. (with the exception of clutches, which I have an unpractical collection of but LOVE all of them).
I think if you can actually qualify/quantify usage of the bag on more than one level your not going to have too many regrets with the purchase.