I was completely intrigued when I first saw this holster, I am soon to be getting my CHL to carry my KelTec 9mm and have been looking at the type of holster I would use. For women, there are particular holsters made specifically for us, such as ones that attach to the bra. Those are less easily concealed then the Versacarry. As women, we tend to wear tighter more fitted clothing than our male counterparts which makes carrying concealed on our body rather more difficult.
I was pleasantly surprised to find that when I put on the holster with my gun, while wearing form fitting pants, there was a small bulge, but not an obvious shape. It would be easily covered by wearing a sweater or a non-super form fitting shirt.
The only issue I have with the holster is that it requires the use of a belt, because otherwise, when you draw the holster comes out with the gun. But this is a small issue compared to actually having a holster that is not completely obvious and can be worn with most clothing.