Look For Less: Burberry Blanket Cape

Let's be real, since the Burberry Blanket Cape hit the scene everyone has been vying for oversized ponchos that may or may not resemble in the now sold out Fall essential. I'm not going to lie, I want one for myself, initials and all. So, when I saw this very familiar style I immediately threw myself on the should I or shouldn't I fence.
What do you think guys, would you go for this $50 steal? Or is it too close for comfort?

Burberry Colorblock Blanket Cape, $1,400 Choies Color Basic Poncho Coat, $46.99
More Poncho-spiration
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