Just got the Executive Jacket in the mail yesterday (5 Mar). All in all, I like it fine. The cover is padded which adds a bit of protection and it's good looking.
The 505 is held in place by two leather loops at the bottom and two elastic loops on the top. Fits in securely.
My only complaint is that the pockets are on the inside front cover facing the screen which limits what you can store in them
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