I've been looking for a good all around case that can fit into my varying daily activities and this has done just that, perhaps even more.
Protection wise, the case has you covered in all directions. The back has a nice thickness to it leaving you comfortable when holding it and carrying it around in your bag. Unlike Apple's case, this give you both screen and back/side protections something I can not go without.
The flap works great with the iPad 2's Sleep/Wake functionality. I am always on the go so having the ability to quickly close the flap and not worry about it still being left on is a great feature. Also the added stand through bending the flap is fantastic. It allows me to have it either on my lap, on a table with great positioning for typing and looking at books/movies.
The material is not the best leather available but it is more than adequate for daily use and for the price point. The case's material has all ports, buttons, and camera holes clearly cut, something not all cases accomplish for some reason.
All in all, this is a great case and at $30 you can't really beat it. You get Apple's flap type cover, full body protection, AND a great stand-like flap. 100% satisfied with this case.