I haven't noticed any change in my LL. It seems to be more of a plastic than a leather, like it was designed for longevity as opposed to becoming softer like most leathers. With that being said, I'm happy with mine.
after having my leather loop for 5-6 months the sides of it have started to fall apart. Love the band but the long term durability wearing it all day everyday is not the best. I would agree and say that it isnt real leather.