No Velcro is required to hold the PDA in the case. That said, the cut outs in the holster are pretty much perfect. There is easy access to the application buttons and joypad. There is also a cut out for the voice recorder button. At the bottom of the case, there is a cut out for the AC adapter connector, sync port and reset switch.
New version has a perfect fit.
Nice and snug. This case is supposed to allow you to sync your iPAQ with the cradle while it is on. Unfortunately, I had quite a bit of trouble with this. I have not had one successful sync. No matter how hard I press the unit into the cradle, it won't initiate a sync.