I was very reluctant to trust my iPad 2 to a case that cost just [] (how good could it be, I thought), but it is absolutely brilliant. I haven't had to remove the iPad at all since putting it in the case. It fits snugly, the holes for the cameras and switches are perfectly aligned, and there is sufficient edge protection all the way around. The stitching is very sturdy and the upright position holds the iPad at just the right position for hands-free reading. The magnetic sleep/wake sensor feature works perfectly.
All this said, for the leather lovers out there, I'm quite sure that the case is not genuine leather, but that's actually one more feature in its favour in my view. It doesn't seem cheap or shoddy in any way, I think it's going to last a good long while. I also appreciated that there were colour choices other than black. I believe this one is available in brown, purple and pink in addition to the blue and black models.