I don't think this product is done by Nikon since it has a grey color (all the other pouches from Nikon that I've seen are black).
It is ok for the color.
But what made me rate this as 2 over 5 is the way you have to open and close the pouch. Again, it is different from the usual Nikon pouches. With this design, you have to pull the button seen on the right of the picture very hard towards the center to close the pouch, and then you have to adjust the cloth which will be gathering in front of the button, and then pull the botton once again, and again.
Frankly, I am not able to easily and completely close this pouch. As much as i try, there will always be an opening of about 2 cms, enough to let dirt enter...
I don't recommend it when you have the option of getting the usual black Nikon pouches.