Jill, that's a good standard, and I've done the very same thing with buying something, returning it, and buying it again the next year (only to find it was a total workhorse)!!!!
I'm not sure I'd feel sad, to tell you the truth. If I had a perfect replacement I wouldn't. I think my "pets" are footwear and jackets more than bags, which for me are pretty much utilitarian (except I DID splurge on a really pretty clutch a while back, LOL.)
However, there are things I really do like about it -- the softness of the leather, the colour, and the simplicity of it, which is strangely hard to find in a bag. So, all those features incline me towards it.