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I'm not familiar with the bag, but the kate spade letter lining is an older lining print. I personally think it is a nicer quality fabric. I may be biased since I dont have a bag with the black dotted line lining and have only briefly seen it in stores. I would guess the change was a cost decision or to further differentiate the made for outlet bags.
Anyway, the letter lining cleans very well. I have had multiple unfortunate mishaps with highlighters and pens that have cleaned up without a trace. Whew!
Congrats on your new bag!