I'd wait until it goes on sale or pops up on 6pm or ebay. Having said that, I rarely buy anything at retail price, so I'm probably an outlier. I almost always feel as if I'm getting ripped off if I pay full price, esp. for stuff that's made in China or other markets where labor costs are low.
Now that Frye is no longer a US owned company, almost all of their stuff is made elsewhere, except for some boot styles. All of their bags that I've looked at are made in China. They are nice bags, though, and the one you're looking at is particularly attractive.