Ooh, don't say that; I'm about to seriously downsize my collection (says she, having vowed to do this for several years now ...)
I would still recommend it! In my case, I'd already downsized my bag collection so had to choose between 3 that I still liked but either didn't or rarely use. I have a "1 in, 1 out" rule so something had to go before I made my new purchase. The lesson I learned is: if you're genuinely "bag content" (and I was) don't buy any more bags!