I have the canary one and I love it. I do think the leather is not as thick, but it is still a nice bag. I could never get to the outlet when they had the FP Zoes so my dh picked this one up for me.
Now they have a different version with the longer strap and I do think those are totally different. I like the side buckles mine (and FP) has.
Oh, and do a search there were lots of threads on the Zoes. I think the Zoe club thread has comparison pics.