We purchased this right when we got our iPad, so we've been using it for about a month now. I'm very disappointed in this product. The velcro is far up on it, which means that when you try using it as a stand the velcro is off to one side and causes the whole thing to fall over (assuming the velcro actually holds, which is rare). I read nightly on our iPad in bed and the case just gets in the way. If you have it with the fold side down, the iPad slowly falls out. If you turn it over it's better.
The charging hole is about 1cm to the side of where it should be. You can charge through it, but the plug ends up being partially on the fabric. The volume and power holes are in the right spot, assuming your iPad hasn't slid partially out of the case (which happens frequently). Overall the biggest issue is that it doesn't hold the iPad securely inside when the case is open. It slides out and we spend every couple of minutes rearranging it to where it should be. A simple velcro fastener on the fold or else a tighter overall fit would have solved the problem.
Unfortunately iLuv has a return policy that says that you can only return it if it's defective. Based on my phone conversation with them, a defective design doesn't warrant a return. This was a big waste of money in every way.