I love suede! Please post pictures of the red one!
The thing about suede is that when it is rubbed all different directions, it'll be darker in spots and may look dirty even though it isn't. If you are very OCD, this might bother you. For me, I love the texture. I would probably spray it with a waterproofer but that is probably not necessary unless you are going to carry it in a downpour. I use a fingernail brush to brush the suede when cleaning. After a very long time, the suede can wear down and get bald spots but I think that regular leather would have worn spots by then too.