I love to walk up to the group of kids in the mall wearing jackets with wings, and ask if they are pilots.
I didn't realise that you were a black belt as well Step ?
Seriously, I agree. I've no issue with people wearing insignia they're entitled to. Wear university gear from a university YOU studied at, wings YOU earned....
On the other hand, a well made flying jacket looks good, is comfortable, and warm for the majority of us who live in countries that have proper winters (okay, your Canadian ones more impressive than our British ones, but they still count). The other bonus is that they're cut so that you can drve in them, which you can't easily in most longer jackets.
So, basically, if you like it, buy one and wear it. If you want to try and live up to the image you present, that's your call - but no harm in it.
G