Priced at $40, Incase’s new Leather Folio for the iPhone comes with an isobar/topographic map-styled suede interior and Velcro tabs to hold the lid closed. It also has a non-detachable rear clip that mounts iPhone horizontally at waist level. The Leather Folio also provides access to iPhone’s headphone port and bottom speaker and microphone by openings in the sides. This iPhone carrying case actually has some style to it. Hit the jump to see more pictures.