I always was envious of those phones that got wrapped in Vaja leather. Those cases always look so nice, as do these.
I'm personally not a fan of this style of case, but it looks well made and like you said, expensive. I bought three cases for my N5, none of which I use, so yeah, this one case is easily worth the $50 I've spent thus far
N5, Moto X, Nexus 7 - current
GNex, S3, Nook, Droid Charge, Droid X, BB 9530, BB 8130, BB 7130e, Moto RZR, LG5100, Nokia 3660, Nokia 3110, Nextel i1000, SCH-3500, Moto StarTac - past