After the lackluster reception to the original Apple iPad case, a new product called Smart Covers was introduced alongside the iPad 2 today.
The case will come in five colors in both polyurethane and leather -- the poly costing $39 and the leather $69. The cover is more like a cover flap that leaves the back of the iPad exposed. It's held on by magnets, which are said to help auto-align the cover with the iPad. It has a microfiber lining that will clean the screen.
The cover will wake the iPad when you peel it back, and put it back to sleep when you close it.