Sure. Case is relatively slim while maintaining a quality feel. As you can see it gets 5 full stars on Amazon, a rarity. You can have the case at a shallow angle with the keyboard attached or remove it and fold the cover back flat.
Because no corners of your tablet are in direct contact with any edge I feel confident you could drop your SP from a standing height in this case without sustaining damage assuming you have the case closed at the time. Although there is no perfect protection solution without turning your SP into a silicone covered tank, this is about as good as you'll get while still maintaining an attractive form factor.
Actually, from what I can see in the pictures, it looks as if the corners are exposed. If dropped on a corner, the Surface would be in direct contact with the surface it was dropped onto, no? What about cooling? That looks like it would limit the air-flow as well?