I think it's GORGEOUS!! Just not as pretty as the retail color. I also almost bought this at AC, but I couldn't justify teal Gigi AND that at the time. Now I might because of the nickel hardware. There's really nothing wrong with factory bags...they just have fewer bells and whistles, and usually single stitch rather than double, etc. Same materials, though, and IMO they SOOO improved this satchel over the previous zip one. Not that I like the turnlock when trying to close it on the satchel, but I just think it looks so much better than the older style.
See, the fact that you didn't recognize it as a factory bag should be a tip off...