I don't believe the Loop was ever intended to be a stand for being carried around. It was made to have that 'artsy' look, that would fit in with other modern looking Apple products.
Like you I have a few of those wire stands that I purchased from my local arts & crafts store. Great for portable propping of the iPad for viewing, but not so great for playing Plants Vs Zombies or doing anything needed for a steady ( such as typing ) reclined position.
The Griffin Loop has become one of my favorite iPad related purchases.