Yea. I've bought 2 pairs of their howland penny driving shoe loafers. Both pairs have had the front toe bust open within 6 months. Was hoping these are a little more sturdy. I'm sure the AE's are nice (I have their stand oxfords that I love), but $325 seems steep for a pair of loafers.
I will offer that I had purchased (3) pair of Cole Hann's before I joined SF(post Nike) to add to my collection of (8) Allen Edmunds. Of course, I now own many more pair of SF "approved" shoes. With that in mind, the CH's have held up every bit as well, if not better, then most of the shoes I have. I am very impressed with their quality for an inexpensive shoe.
However, I have not purchased any CH's since and give all the option out there for just a bit more money, I don't think I would.