I bought this case for the new iPad - as the old Tecknet case used with my iPad 2, wouldn't operate the magnetic 'sleep' function on the new iPad.
This case is faux leather, but looks great and offers a good deal of protection - far more than the official iPad smart cover which is much more expensive. Just in case anyone is worried, this new case does operate the magnetic 'sleep' function on the new (third generation) iPad perfectly well. If you are looking for a well made, attractive, cover that offers real protection at a very competitive price, I don't think you can do much better than this.