I think Versace has a style that someone either loves or hates. I actually think that some of their pieces (bags included) can work well on the right people and outfit. I have some Versace RTW and they are fabulously made and lovely to wear. Not everything is glitzy or loud, and sometimes a LOT of WOW is just what's needed. I love people who have their own style and work it, tpf, fashion blogs, magazines have their place but ultimately we need to find our own style.
For me Versace is a fashion house and not a leatherwear manufacturer so I wouldn't probably go out my way to find and buy a bag. I would never say never though.