I've had this wallet for almost a year, and it still hasn't fallen apart. Granted, it's not the wallet I use on a daily basis. I mostly use it when I go out to run, and just need a credit card, a couple of dollars and my ID. It's really small and it feels well built.

I don't use the keyring feature, I don't really find it too comfortable to have keys attached to a wallet. Other than that, I really like this little wallet. It's small enough, but fits enough things that it could actually become a full-time wallet replacement :)