Got it in the mail today and wow the handling is SO MUCH BETTER after putting on the hand grip. Funny thing is even with the grip attached and 4xAA loaded I thought the whole thing will be very heavy but doesn't feel that way at all. Some how holding the camera steady seems easier.
I have yet to try putting the whole rig around my neck for extended period of time; but I figure my next purchase will be a wide comfy camera strap.
Best money spent ever (other than buying the k200d itself

).