Two things - is there really need for them to be this large? They also look vulnerable? Maybe its just the look, but the blue one looks like it won't survive proper stress test... And second thing - is exposing connector safe against mechanical damage? Will it withstand constantly being scratched by keys?
I have two of this form factor on my keyring, one of which is a couple years old now. Neither show appreciable signs of wear on their connectors beyond what you'd expect from regular insertion. They feel pretty robust, though I've never actually tried to break one...
EDIT: minor clarification