3 iPhones, 2 iTouch = 5 lifeproof cases and couldn't be happier.
My 14yo's iPhone has been dropped repeatedly, accidentally closed in the hatch of the van, taken in the shower, dropped in the river, run over by a friends bike (after it dropped out of her pocket) and while it's a bit scuffed around the edges, it still looks good and her phone is great. She's had this one about 7 or 8 months. Had an Otterbox defender before that - hated it, it was always coming apart (the rubber gasket would peel back)
My husband and I have each had our Lifeproof cases for a little over a year. Mine is a bit scuffed in one corner from a drop on the concrete and on his the little tab for the sound is highly worn and the top corner right there feels loose - he says it catches on the belt clip there sometimes. Or maybe it's the way he grabs it.
Anyways, we're all very pleased with it and after our experience with my daughters Otterbox, I (personally) wouldn't but another one.
As a comparison, my daughters best friend also has a Lifeproof and prefers the small silicone "cases". She's no where near as drop prone as my daughter though. This friend also hates the hassle of taking the phone out of the case, which she's had to do a few times at the apple store for some issue with her phone.