The Originals line is too new to know what will happen. If sales are an indicator,
Coach would be wise to continue to make them as long as they are popular.
I only have one original bag and it is pebbled leather, not smooth, so I can't attest to the quality of the Originals bag you are looking at. I do like the quality of the originals bag I bought. I bought it because I loved the style and color. There isn't a vintage equivalent. I have had several vintage pocket purses. The leather on most of them is divine - there are variations depending on where the bag was made, when it was made, and how it was taken care of. You can wash and condition them to get closer a perfect bag. Vintage bags are cheaper. You could buy an Originals bag and return it if you don't like it. Or you could buy a vintage bag for less money and if you don't like it, you don't have as much invested in it, and you could probably sell it for close to what you paid. Vintage bags are unlined and it takes a while to get used to the furry suede interior. They have been handled and used by people you don't know, and that might gross you out. Being able to wash them goes a long way in getting rid of the ick factor for me, but not all stains and marks come out. By its nature, vintage leather scratches easily, pretty much every time you use it. Conditioner makes the scratches less apparent but they don't go away.