I've had my Apple case since launch, so 3 plus months. No peeling, flaky. Just a uniform darker brown color.
Full dye color is only 'skin' deep, so tearing or cutting into it will expose a fresh leather underneath. Don't use it as a sanding block.
Here is a photo of an Analine dyed very, very high quality furniture leather sample. As you can see the color is not all the way through. Its leather, not a miracle fabric. The photo is a bit out of focus and deceiving. The deep brown is only a very thin layer.
My Apple case is holding up well.
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