I'm not quite sure what you mean by the "leather on the bag seems not to be worth it". If you love it and will wear it, it's worth it. That said I prefer the regular distressed calf on reissues and I would always choose that if you want THE classic look.
I love that they still did it in distressed leather, even if it's glacé. I personally found it to be a nice take on the usual 2.55 in calf. They also made WOC's in this "so black" hardware/glacé leather.