The R Strap is super cool, but requires you to use your threaded tripod socket. That means either the one on larger lenses or the one on the camera. This means it has to be removed before use on a tripod and can interfere or be unusable with some quick release systems (especially if they lack a pass-through thread).

I'd definitely consider using one when going out without any type of tripod though.
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Bruno
Twisted Melon : Fine Mac OS Software