Completely agree, I also coveted the Alexa for a long time but after seeing it for real, I don't think I've ever fallen out of love with a bag so quickly! Even if there are some good ones out there, I still don't think it's worth the price. The leather seems very average, like you'd find on a £70 leather bag from River Island.
I have probably been spoilt by Balenciaga leather, the leather on those bags is lush 99% of the time, much more hard-wearing (mine gets flung everywhere and is frequently rained on!) and it still looks fab. I'm due a new bag in December and having checked out every bag out there right now, I've come back to Balenciaga.