With all of the things that you can cram into the Bi-Fold, your Visor should be fairly well protected if you drop it.  The top, right, and bottom sides of the Visor are exposed, but there is about ½" of space around the Visor that would protect it some if you dropped it on its corner.

One thing you have to get used to at first is the leather.  Leather expands as you use it, and at first credit cards are a tight squeeze when inserting and removing them from the case, but this should get easier as the leather gets worn in.

Aesthetically speaking, this is a very nice looking case.  Graphite Visors will look especially great in this case because it is entirely black.  This case is part of Handspring's Value Cases line, but at $49.95, I'd hate to see what the cost would be if it were a premium case!  I still wish it would have used a snap closure instead of velcro, because the noise from opening the case could be distracting in a meeting.  One good thing about the velcro strap is that it allows you to really load up the case; when I filled the case with all of my cards, the depth went from 1¼" to 1½", something a snap may have not been able to reach.  On the other hand, you can shove enough papers in this case to make it look like George Costanza's wallet!