iPhone 5 users looking for a wallet replacement now have another option: Kensington's Portafolio Duo ($40). Available in black, brown, orange, or red leather, the folio-style case holds the device in a hard plastic shell with coverage along the top, but none for the buttons. A lid is attached to the back of that shell, with a magnetic tab latching onto the right side of the case. Inside, there are two credit card slots. The cover can also be used…