To be honest it kind of is. It can be worn as one or worn over the shoulder. I was looking for a grab and go mag bag. The only other option that I found that suited me was the Patrol Bandoleer from Eagle Industries, or the Maxpedition Toadstool. The thing with the Toadstool is that to get the pistol mags on the sides, you have to purchase the pouches separately to the tune of 24 each. So it adds a ton of money to the cost. The other added bonus to the Thermite is that there are two carry options. One being the over the shoulder, and the other being around the waist with the optional leg band, that if that works, then you can attach mag pouches to.... But it is then a drop leg fanny pack that holds five M4 mags plus 2 pistol mags. Plus I can use it not in that role if need be. It is not as obvious to me as a piece of "kit" as the Patrol Bandoleer.
Thoughts?