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Petorious -- as a much cheaper option than an airbag suit, I've started using what is increasingly popular in the midatlantic (but less so in New England): the Hit Air vest or its competitors.
I have the Hit Air MLV-C (not the Racer version but the most popular motorcycle version).
Haven't tested it in a crash yet but spoke with several at NJMP, racers and trackday-goers alike, who have and all spoke highly of it. One said when he crashed and it deployed he felt "like he was cheating". I thought this was a succinct positive review.