I received this cover today. I had done a lot of research on the available covers and was leaning toward a flip stand case but decided on this instead. I am so glad i did this one is much better than the flip,it feels more like reading a real book. The colour is a bit darker than the photo shows, but looks a lot nicer darker! The cover fits the kindle great and has a place for holding a pen and small amounts of note paper. It folds back nice so you can read holding it with one hand.
I was most impressed with the feel. I was worried that the cloth cover would be rough and uncomfortable to hold. It is very soft. The magnetic clasps hold well. The cover does a good job of protecting my kindle and looks great.
I think this is also a much better looking cover than a more expensive leather or cheap faux leather cover.