I think it totally depends on your personal sense of style, dress code at work/school, and how convenient it is.
Personally, I even find carrying my LM Wave and cell phone a bit obtrusive on the belt in most urban situations because it looks bulky and breaks the line of any suits or fitted clothing. Plus, it's just generally more acceptable to carry a briefcase or purse. If you really need to attach something that large (and potentially awkward) to your person for EDC, I'd say go with a sling pack or some other easily detached item.... Also, any hi-tech looking pouch is probably more acceptable in most urban situations.
Still - to each his/her own! :-) It looks nicely designed and well built if not really my taste.
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Experience is a hard teacher because she gives the test first, the lesson afterwards.