My favorite FP store (at South Coast Plaza) is being remodeled right now. The SA told me they will reopen with a full men's line, and also will carry the line of
Coach clothing. They already carried the shoes, and the top if the line bags, so I'm thinking they will be more in line with the other many designer boutique shops in the mall like Burberry and even Michael Kors.
I'm not sure about them dropping the lower priced bags from all the FP stores though. There have been so many bags coming out lately like the Phoebe, Madeline, and Sadie, that are in that lower price range, that it would seem to be contrary to that end. I'm expecting a lot of those bags to hit the outlets and FOS.
As far as deletes not being carried at the outlets go, I've been hearing this since I first joined tpf and it still remains the method in which Coach sells their overstock and returns. Though the FOS may be successful in that, but not on the "invitation only" method they now employ.
RE: stock at the outlets. The stock at the outlets does vary by month, and when they transfer the end of season deletes (like the just passed summer deletes) the outlets are going to have more on hand than they do other months.