I have a Glock 26, which is the same except in 9mm, which I recommend. I have heard or read about more kabooms in .40 than all other calibers combined.
I carried mine very regularly from May of 1997 through this summer, when I bought a G19 that I usually carry instead of the G26. However, even with the G19, the G26 still sees some carry, and the G26 remains the gun I would choose if I were limited by legal or economic reasons to one. If I ever had to go back to 10-round clips, I would go right back to the G26.
I have carried it in shoulder holsters, belly bands, ankle holsters, strong side belt and IWB holsters, fanny packs, and pocket holsters. Lately, I prefer a Sidearmor IWB holster with 5 degrees of butt-forward cant, a Kramer belt scabbard, or a Kramer pocket holster. It will conceal in the pocket of a pair of dress slacks with slight bagginess, but carried that way daily will wear holes in the pockets. When carried on the belt, you will find that the short grip is very easy to hide, but the long back end of the slide can stick out with too much butt-forward cant.
Although the 2-finger grip takes some getting used to, with a little practice the gun can be shot as well as any full-size gun. I have competed with this gun in IDPA matches, and occasionally beaten people using full-size 1911's.
Recommended modifications: MMC adjustable tritium sights, an 8 lb. NY trigger spring combined with a 3.5 lb. connector, and an extended slide release. The factory sights will shoot very low, ans will many aftermarket fixed sights. The trigger parts I recommended will provide a trigger pull that, although slightly heavier than the factory setup, is consistent from beginning to end with no stacking, and provides a crisper break. The extended slide release will allow the gun to fit even the most tightly molded holsters while being easier to manipulate.