I got the rubber slight 5. It's pretty good, nice feel. But top and bottom are exposed. I believe with the regular slight, it's covered, so that's a good thing.
I have the Desmay slight for my ip5 - best case I've used yet. Very thin and light - I hate cases but realized that due the fragile nature of the aluminum this case was a must. I just ordered the new slight - which now covers the bottom - hope I'm as happy with that one as I am with the current version.