I own it, and am also on the fence about it.
What they said is true, the color is not like the original eBay picture we were all looking at. It isn't nearly as vibrant. It almost looks pastel, or washed out in a way.
Also, the leather is not the standard Legacy vintage type leather, it's a very soft pebbled kind. Because of that, the bag doesn't seem to hold it's shape very well. I haven't even used mine yet and I could tell that. The top caved in a bit just from the leavy hardware strap over the top.
It's shape seems kind of odd to me as well. Very rectangular, and with it caving in like it does I don't know if it looks as good as the other Legacy satchels.
I'm like you, I will want to buy something just because it's rare. I feel like it would be cool to have a collector's item, especially
Coach. That being said, I've had the bag for over a month, maybe even closer to two months, and I haven't used it once. Like another said, it's just been sitting in my closet in a dustbag. I hesitate to return it because of it's rarity, but I don't know when there will be a time I will use it either, especially when I have a lot of other bags that I do love and will use.
If you've seen the pictures some of us have taken of our bags, and you like the color, and you think you'll use the bag, then I would buy it. If you're on the fence and only want it because it's rare, then I wouldn't get it. If I'd seen the true color of the bag before buying it, even though it's rare, I wouldn't have.