Ya, I conditioned my case with Bickmore No. 4 (a leather conditioner), and it turned out similarly. The leather actually takes the conditioner, so while there is a protective coating there, it’s not totally impenetrable. Already got a minor ding on one of the edges and it removed a tiny flap of the top grain layer, and the scratched area has since darkened and is hardly noticeable without looking for it. Underneath the top layer was similarly dyed dark cherry leather, so the leather isn’t simply painted.
The other thing I’ve noticed is how prevalent the grain is on this year’s case. Mine has several distinct wrinkles on the back and even a few scars/pock marks, which are naturally present on the top layer of the hide. If the grain is corrected, it’s only very slight, as these naturally occurring blemishes are still there and add a lot of character to the leather.
Finally, the sides have gotten nice and grippy and are picking up a shine, consistent with where I hold the case.