I can give you a brief synopsis of my experience with it so far... I'm sure you can find pics of it elsewhere, or else just stroll down to a Best Buy/Circuit City and look at the box (comes in a transparent one)... Unless there's a particular detail you're looking to find pics about, I could snap one up if you really want. It comes in a few other colors btw (see Belkin's site), the red/black is the most widely available one at retail right now though.
Anyways, originally I wasn't actually gonna get any kind of case for my iPod... Even though I always had a plastic/cloth case for my previous player (a 5GB Rio Carbon, which is kinda puck-shaped, like a rounder 3rd gen nano). I didn't see the need for it, I'd always keep it in my pocket or inside a small camera pouch inside a backpack.
After owning it for about a week I went and checked out the Belkin case at the store though, took it out of the box and tried it out... And I liked it. Main reason why I went to check it out was that the iPod felt kinda slippery naked, and I was begining to see some very tiny scuff marks on the metal back (from putting it on semi-rough surfaces, etc).
With the case it's not only easier to hold unto, but it slides around a lot less in my pocket (doesn't randomly turn sideways anymore)... Plus, I find the volume buttons
much easier to press with the case, you'd figure it'd be the other way around but the extra rubber padding (it has two bumps where the buttons are) actually makes it easier to find and press those skinny buttons.

I can be a lot less wary of where I place it as well.
So there you have it, the thing looks nice, and there's several upsides to it with no real downside... Yeah it's a bit pricey, I remember seeing Griffin or some other company selling a dual-pack of a similar silicone case (each a different colors) for the 1g touch for the same price... But whatever, those were solid-color versions, this one looks kinda original with the two tones (even if a lot of people are gonna wind up with the black/red one, heh, mine matches my red camera pouch

).
What would you do with two of 'em anyway? Oh and it doesn't feel like it'll stretch out or lose it's shape (and it
does have a lifetime warranty). Personally, it's exactly what I needed/wanted. A hard case would probably not be as nice to hold unto and would likely add more bulk than I want, I doubt they offer much more protection anyway. I've considered a screen protector but I haven't bothered with one yet.
P.S. I've seen one other silicone case for the 2g, can't remember if it was Griffin or DLO... The only real difference is the other one came with a screen protector, and it wrapped around the bottom front (actually covering the home button, with an indentation for it). I think the Belkin one looks cooler, that other one does come with a screen protector for the same price though.
If you search on iLounge you'll probably find a review of both, I think that's where I saw the other one to begin with. Edit: Okay, that was a not-so-brief synopsis.
