Saving it from scratches is not a big deal in my opinion. I'm not that nice with my unit and it does not really matter. For the concerned you can use a protective cover like used on PDAs.
My next camera will have a flip out LCD but this is (as I've stated before) is primarily for getting those hard to get shots from above or below eye level. Shooting over a crowd without a ladder or down at ground level without getting in the dirt is a really good thing.