I had it for my 5 for about 20 minutes until I traded it in for the Commuter.
I found it too bulky, so bulky that I wasn't able to fit it into my pockets.
I've already bent my phone, so the risk of damage is there.
If you're really worried about damaging it, go for it. If not, and you still want the protection, but spare the bulk, go with the commuter