I was in your EXACT position a few days ago and was in between two cases, the Pitaka MagCase and the Diztronic case. I went with the MagCase because of the thinness and the protection plus the magnets. Received it and it was light, beautifully constructed, and overall quality BUT it had no lip and if the phone somehow fell and was face down it'd be screwed. So I ate my $40 and ended up buying the Diztronic a couple days ago and JUST received it, it's AMAZING! My first Diztronic case and the quality, cutouts and feel are fantastic especially for $10 on Amazon.
If you need the lip like I do, get the Diztronic. It has excellent reviews it's beautifully made and feels like it will provide pretty good protection.