Yeah that looks about right. I have wingtips in a similiar colour and they're also getting hairy in some spots.
I've heard of people burning off stray stitches and fibres with lighters..
Yeah, that's the ticket, get a flaming lighter real close to your shoes, preferably down wind so the flame blows into the shoes.
NO! Where did you come up with that idea? At www.setshoesonfire.com? There are different grades of suede, the worst comes from cows. Like yours, rough and ready. Leave 'em alone.