YMYL Gadget Holster: Love It or Leave It?

I have seen some pretty heinous gadget holsters in the past so the YMYL Gadget Holster is, at the very least, a step up from the type of carrier Han Solo or Dwight Schrute might use to carry their techie goodies. According to the YMYL site, it was "ergonomically shaped to sit flush against your side so that you'll never notice it's there - only a sound frisking could detect it," which leaves me to believe the creators hope people will wear their holsters under their top layer of clothes for full gadget protection. And here I was thinking iPhone theft was on the decline. What do you think? Would you wear it?