I think it could well be.
I’ve got a MacBook Air 11″ that I use religiously, especially when I’m abroad. I don’t have a case for it per se. Instead I stick it into one of my suitcase pockets. Not good, I know. It’s asking for trouble. So I’ve been on the lookout for something decent to protect my Air in transit for a little while.
I might just be sold on Thule’s fantastic looking Gauntlet Sleeve:
The Gauntlet is stitch-free. Seams are heat-welded and there’s an extra fold inside to provide water-resistance. The interior is lined with soft nylex to avoid scratches. If you bought the 13″ MacBook Air, don’t worry, there’s a Gauntlet for that too.
You can pick one of these up at the Apple Store for £39.95 (link). A perfect gift — but, really, I think this is actually something that’s more likely to be purchased by the owner. I’m giving serious consideration to it.