That is correct, born in February 1955, the Chanel 2.55 is the latest It bag, according to Lisa Armstrong, who knows. Though she doesn't call it an It bag, because It bags are just so 2007.
I have been obsessing about the Chanel 2.55 for months, and in this I cannot claim any originality. Every other fashion type is now carrying or lusting after one. It’s just that it’s small, can be slung across the body and no one’s calling it an It bag, because It bags are very 2007.