The case is very good at preventing damage in tough environments. I have had it with my camera for over a year and a half and haven't had so much as a scratch on my camera.
I use it primarly for field work, so the fact it is a little bulky isn't a problem. I don't use it when I am going out and am dressed up. I would suggest this for when you need something that can allow your camera to be thrown into a laptop bag, dropped down some stairs, or other difficult environment. It is not really for putting in your pocket on a Friday night.
The strap(s) are basically useless too, the standard straps on most of the cameras themselves are far more useful.
My Camera, a sony DSCT200/B