Provided you're not looking for a hard case, but more of a sleeve for storage, this isn't bad. It's classic, masculine, and in the right price range. (I ended up getting the Amazon-made brown leather hard case myself, but you're right; it was almost as much as the Kindle itself!)

How about this one...a bit over budget but really cool and unique!

This is a bit out of your price range, but it's way cool. I love the antique look. It can hold a variety of kindles (and other 'pads').

Best looking tablet case out there ! Handmade iPad cases inspired by the Moleskine journals and notebooks of our favorite artists. Made by hand in the U.S.A. The Portenzo book bound iPad case protects your iPad with great looks, style and high quality.