I saw the
Biker Bandolier in the August 2005 issue of Ride Metric Roadbike and thought it was a pretty neat idea. A bit on the pricey side at $120 but nice anyway.
Oh well, I already have one of these at less than half the cost of the bandolier. They're made for search and rescue teams, so they're pretty tough. I'll admit it's not as cool for everyday wear but it rocks on long rides. My camelbak attaches to it also.