I saw Golden Shellback on Tekzilla (video link via Engadget) over the weekend and still don't believe it. How can it be true? One vacuum applied coating and my iPhone will forever be safe from water damage, inside and out?

They claim to have had gadgets working fully immersed for days on end, but do say that it's a one-way process: the coating don't come off.

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Though not released to the public yet, I believe Partick Norton quoted the application price as being somewhere around $75 but would depend on the size of the gadget.

Gizmodo has a hands-on, but still... Seems like magic, doesn't it?

Would you trust it with your iPhone?