Since a couple people posted on this the last couple days, I thought I would report back as well. I also ended up buying the holster linked above and have been very happy with it. Retention is great, I haven't seen any wear on my gun from it, comfortable and really can't say enough about it, especially for the money. Granted, this is my first and only holster, so take all that with a grain of salt, but if I ever convince my wife to let me get a Caracal, I'll be ordering another from these guys.
2 small issues: the steel belt clips that came with the holster squeaked on my belt. Constantly. The holster itself didn't make a sound, but for some reason, no matter which belt I wore, every step was a squeak. Honestly, you'd never know I was packing because of my imprint, but you would constantly wonder why I was squeaking. Found someone else on ebay that makes kydex belt clips, threw them on (after drilling them out by a couple thousandths so they would fit the existing nuts/screws) and have been silent for a couple months now. Second, and really small, complaint: if they had made the kydex an 1/2-1 inch longer, it would have covered the barrel on my C9 completely, keeping the last little bit of finish protected. That's not what they designed it to do, but it would be on my wish list if I had a choice.
Anyway, typical long response from me, but I wholeheartedly recommend them, with the only caveat being: if it squeaks on your belt, buy some kydex clips.