Isn't that what Plaxico Burress did? Never ever at any time would I carry a Glock without a stiff, trigger covering holster. I don't like the damned things anyway, I'm just sayin', you don't wanna get shot with your own gun and become yet ANOTHER headline victim of the "safe action".
Plaxico put a fully cocked pistol down his sweatpants. I think most would realize that there is a difference between someone who carries and practices with firearms and a stupid wannabe thug that is concerned about personal protection, yet is either surrounded by or can afford to be surrounded by professional bodyguards. I would never put any cocked (locked or otherwise) IWB unholstered. Actually I wouldn't do that with a revolver that doesn't have the hammer shrouded or bobbed. I prefer a holstered weapon at any given opportunity.
As I said in my post, it rides well on my hip (as in a holster). In this condition it is cocked and has the trigger covered as well as a retention strap. However, sometimes a holster won't go with my wardrobe needs. Or sometimes I grab a pistol and stick it in my pocket or waistband to have it should I absolutely need it. Is it 100% ready to go? No, but it's better to have it on my uncocked than to not have it at all. But that's another debate.