You know what my manual of Fallout says? The one from the first, in its slightly battered shape? Right here, page 60: "The RobCo PIPBoy 2000 (hereafter called the PIPBoy), is a handy device that you wear on your wrist."
I completely forgot about that, and nobody seems to look in those faraway places like, by all that is holy on Olympus, manuals to the games they discuss. ^_^
Even if it is a PDA, it's wrist-mounted. And a cuff-like construction would be nice to fit it in.
My manual got destroyed in the hurricane, but I must have the PDF copy somewhere... That does not disprove what I've posted above. Manuals can be mistaken.
**Edit Here it is.
http://i271.photobucket.com/albums/jj125/Gizmojunk/page60.gif
and it does say just that (along with a size joke).
Still... It does not appear on anyone in the games (nor even on the http://i271.photobucket.com/albums/jj125/Gizmojunk/Vault_Suit.jpg close up in the ending), and it looks pretty much like that fan render I'd say...
and when you consider that those holo tapes plug into it... then it really seems (to me) to have been a mistake of some kind.