Is it password protected?
yes, I encrypted the private key on back for even more security. Putting it in the sleeve was combination to protect the paper wallet from damage and to keep random folks from snapping a picture of private key for added paranoia.
I'm still open to alternative suggestions as well. Plus good idea's posted here could help others new to bitcoin. I still haven't made any coin yet but I'm working on it. Gave up on faucetts as the payout is so low you'd be visiting site everyday for a month to get enough to be paid. Haven't mined enough in slushes pool to get a withdraw yet but I'm getting close. And when my new mining equipment gets here in a few days I should be making pretty decent.... granted slow, but decent coin. I'm getting there. Hope I can get enough to send a few transactions around to test my wallets soon.
Anyway, keep those alternative wallet storage idea's coming. Another I just did personally last night was to create a bootable linux usb key and install electrum on it since it doesn't need to store large blockchains and is pretty fast. Entire drive is encrypted using aes/twofish combo requiring a boot time password before it'll go beyond the bootloader. Can boot almost any computer to a secure linux os so even if machine in question is infected, you can still have a virus free environment to keep your coins, and an encrypted wallet file. Only things left is to setup an automatic backup rutine for the wallet. I'm thinking script gpg to copy/encrypt the wallet file, then move it into a new folder that stays in sync with my nas and chumby [hacked to run btsync] on a daily basis [or when key is shut down]
More idea's?