Exactly my thoughts, too. I'd take the mini Pom (more like 5 or 6...) over the "new" bucket thingy any day. No HW issues with the oldies, eitherthey say, all new is well forgotten old.
is this a new trend? take a good old Pompon, bump off the dust, label it as 'new' Cagole Bucket and stick a double price tag
Le Cagole XS crinkled-leather bucket bag | Balenciaga
Balenciaga's white Le Cagole bag – which recalls the houses' City bag moto styling – is reshaped to a bucket silhouette from glossed crinkled leather.www.matchesfashion.com

Sorry, but Demna is just trying too hard. Way too trendy and probably forgotten two years down the road. I don't feel the "heritage vibe" at all. Twenty years from now, nobody will hunt down these bags.
I tried the medium Cagole when it was released, but ended up returning the bag. It was all too much.