LOL.. the show-off factor definitely is an issue, but the opportunities for Bling are going to increase. The only reason devices need to be as big or shaped as they are is to carry a screen and/or to function as a phone handset. Provide both needs some other way and now your device can become a Tiffany pendant, a bracelet or large bling ring, a silk fan, a designer shirt or even eventually a tattoo that looks like Lady Gaga's. The manufacturers will have a field day and the cool dudettes still can spend big cash to look cool- and mysterious, because nobody else can see your virtual screen to know whether you're watching pokemon or buying and selling gold for profit.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us."
-- Shakespeare: Coriolanus, Act 1, scene 1