I have always used flip-style covers and love them, but I'm having problems finding one for the Kindle Touch that will be arriving soon. They either look cheap, or they're dull black. I would love an Oberon cover, but I know I'll miss the ability to stand it up and read while eating or sitting at my desk. Any thoughts from all of the Oberon experts here?

Have you checked CyberAcoustics? I have their fliptop and love it. They come in all leather (nice soft leather) and nylon and leather. I like my nylon and leather one...not cheap-looking IMO. And really nice suede inside. Maybe they'll make one for the Touch. Mine is for the K3.
And they have 2 different options for standing up. And a handstrap, almost forgot that.