Whereas I see it as "open carry" that is just a little harder for a pickpocket or mugger to snatch. Sort of open with some (dis)assembly required; a layer of safety, no? In a busy city you might not want to be TOO open.
Anyhoo, if people can easily see it, how can they call it concealed?
I agree with you. But I've seen examples of prosecutorial "interpretation" up close and personal. Some prosecutors are as low as some defense attorneys.
I wonder how the law looks at a fully covered holster, like a traditional military or hunting holster with a full coverage leather flap? This could become a trendy place to keep a mulitool or a cell phone....or a pistol. Keep ‘em guessing.