I ordered this direct from snugg. I won't repeat all of the positives that are listed under the reviews for the iPad 2 version of this case, you can read those for yourself. The new iPad fits perfectly in this case and the addition of a loop for your stylus is a really nice addition. There was some controversy in the iPad 2 case reviews of whether or not this is true leather. They refer to at as "pu leather" which basically means that it is vinyl that looks like leather. If you weren't told that fact you wouldn't know the difference. neither would anybody who saw your iPad in this case (there are some cases the look like vinyl - this wouldn't be one of those). Unless you want to pay upwards of $100 for a case you won't get quality rawhide leather. The magnets turn the new iPad on and off appropriately and it doesn't accidentally turn it off when you fold the fron cover behind the tablet to sit it in your lap.
I was a bit skeptical since the iPad wasn't released when they started manufacturing these but it fits well. The holes line up with what they are supposed to and the tablet fits snugly and securely in the case (but not so snug that you have to force it). It is a little on the heavy side. If lightweight is your biggest concern you would be better off with a smartcover. All in all for a little under $30 this is a case that I wouldn't hesitate to recommend.