Absolutely Scott. Before Nedege, it was typical wealthy girls with unlimited access to luxury but without the discipline, and understanding of craft to produce such luxury: It was all surface, and not much substance. It was in essence, privilege without-- as you've suggested, pedigree.
I don't know if it's just that American designers are overly cautious to unleash their full creativity because of the economy, or that this really is the best they're capable of, but these handful of years, NY fashion week has been so dire. It's always one measly idea that's stretched thin to a full collection-- and when that idea can't be stretched any further, they just copy copy copy Nicholas, Phoebe, and Muiccia. Can't they expend their references beyond these few leaders? It's like kids on Youtube that can't grasp references beyond 1995.
I don't think you meant it as a compliment... LOL
But I absolutely agree-- in a complimentary sense. I think they executed the Gigli-silhouette and old lady bag beautifully here. It's respectful to their inspirations but still fresh and right for the time, and yet timeless.