For now a combination of software wallets and cold paper wallets are working for me, so I really don't want to put down 50ish dollars for something I don't need. Like I said, I really don't have enough to bother with a cold or hardware wallet (I know, words of somebody who will later be upset that he lost it), but I'm holding for the long term so I figure that I'll get it on a wallet that I control the private keys.
For cold storage a paper wallet can be as secure as a hardware wallet. More so, actually. A paper wallet has ONE attack vector. The hardware wallet shares that vector and adds the small additional vulnerability in that someone could hack the wallet etc.
I LOVE the nano s. And use it as my chilly-wallet.
. I look forward to the completion of the Monero code for it. But nothing really beats a properly created paper wallet for just security.