The ScotteVest (actually a jacket that converts to a vest) "allows users to discretely carry multiple electronic devices in the concealed, ergonomically designed pocket system." The jacket/vest has a patent-pending "Personal Area Network", which is just a hidden channel in the fabric through which you snake your headphone wires. (I've seen this feature in other jackets and am kind of surprised that it's patent-pending. I'm also surprised they're calling it a Personal Area Network, as this is a wireless term.)
It says that you can carry "digital cameras, portable keyboards, GPS devices, small laptop computers, two-way radios, bottled water, airplane tickets, magazines, wallets, keys, and much more". I've talked to some people who think pockets are the answer to wearable computing, but I'm not sold. First, I'm sure this jacket/vest weighs at least 73 pounds when loaded with all this gear. Second, a heavy, clunky torso is not exactly a fashion ideal for either men or women.
This product may currently fill a need for gadget heads, but it can't be the long term solution.