Bless you, artichokes, and your lovely, lovely DH for being so thoughtful by buying you a (blardy) expensive bag. I do think it looks tacky, though obviously I don't know what your taste is - but we seem to agree on what counts as a tacky handbag!
Could you perhaps shower him with kisses and appreciation and then just come clean - say it's really not your style and ask whether he'd mind if you swapped it for something (or things) you'll love and wear to death? If you're after a bag Jigsaw usually does fab bags for £70 - £150. Then just think of what you could do with the rest of the money!
If he's anything like my DH he's probably got no idea what you'd like and has taken advice from someone who clearly has bad taste! (Like an overzealous shop assistant with commission-shaped £££ signs in her eyes?). So he'll appreciate your candour and will be delighted to have you parade around in something that suits you better.
Alternatively you could give the money to me (a/c details can be provided!!!)
Okay, that was really a joke. Are you in London? Or anywhere nearby? There's a FABULOUS restaurant where you could treat yourselves to an amazing anniversary meal with the rest of the cash - it's near Warren St Tube and is called 'Archipelago'. It was voted London's most romantic resto (ahhh...how I wish we had the money to go there again). 3 courses plus wine will set you back lots less than £150 total so you'll still have change after the bag plus you'll have treated each other.
Here's a link: www.right-from-home.net/
Okay, I really have to get back to job hunting now, but hope you have a fun (and sickness-free) anniversary!)
xx