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Toughskin for iPhone 5 ($39.95)
Speck's spokespeople told me that the Toughskin is one of the most popular cases, and I realized why when I got it in hand. It's seriously shock absorbent, has an inner removable hard case, and a rotating belt clip. This one isn't on the website yet, but will be soon.
See photos and read my impressions from my Speck HQ visit in this gallery: Skulls and candy: Hands-on with Speck phone and tablet cases [Gift Guide 2012].