Update April 1st 2011 - Still in 100% condition after being in my pocket the whole time. Has worn in and is not as tight anymore. Quality product that I would buy again if needed, but I don't see it breaking or tearing any time soon!

Simple. Easy to use. Good storage. Very low price. All in all I would say this is a great item. I picked it up to carry about 15-20 cards that I just tend to keep with me on a daily basis. Needed something that would fit in my pocket but not be obtrusive. This covers all those things well, and for daily use and more professional situations it has served me well.