While I like the case as a whole, the magnetic closures are ill conceived. Unlike apple's smart cover, the magnets are not strong enough to hold the cover in place. As a result, the ipad tends to turn on and off repeatedly, wasting battery life. Stronger magnets would probably solve this problem. On the positive side, I believe it's substantially better protection for the ipad, with a superior hold when used as a stand. I am pleased with the case even though no magnets at all would have been better than those included.
Speaking of which, if you do acquire this case, remember that you can turn off the magnetic cover option in the settings app. This will prevent the case from turning the ipad on and off, allowing you to use the on/off switch with confidence.