Like I said, I like Belgian guns. The ones I own are well made antiques and have stood up very well over time. I just don't consider the 1960 .44s to be 2nd generation or reissues. If they were made on 1860 equipment, sure...but they weren't. I know that my Colt 3rd Generation guns were mostly made in Italy but that's OK, too ($300 for a "letter"? No thanks). The Italians do very well with sportscars, other firearms, women, etc.
If you think about it, in an evolutionary sense, a true 1st Generation would be a Paterson, and the Walker would be 2nd Generation and so on.