Lots of guys that swear by the sparks, are saying good things about the Comp-tac MTAC. It is a leather kydex hybrid, very adjustable, and with less than a week lead time. I ordered mine on Monday and it was here on Friday.
It is not going to appeal to the "leather craftsman" crowd, but it is very comfortable and functional.
The upside of a VMII is you can always sell it for what you have into it since the supply is limited and leadtimes are long.