Speck's $49.99 MightyVault is the company's latest tough case, following in the footsteps of the ToughShell, an iPhone 4-only case (the Mighty Vault is a universal case).
We can't say it's any better or more protective than the Otterbox Defender, but it's a good-looking case and has multiple layers of protection (three to be exact). It also comes with the requisite detachable holster with rotating belt clip that doubles as a viewing stand. It's available in multiple colors.
Note: After Speck released this product, it found that the outer layer of silicon rubber wasn't firm enough and had to tweak the design. We have confirmed with Speck that the flaw has been fixed.