Having read lots of opinions, reactions, and frustrations with Apple's Smart Cover. Is is just possible Apple had some specific intentions only?
Apple wanted the following:
1. a thin protective cover over the display with EZ on/Off.
2. Could provide support of the edge for EZr typing (15 degree angle)
3. Landscape support for hands free vertical support (105 degrees) for watching movies, or viewing photos. etc.
4. user display when mirroring for group presentation.
5. Strong magnets on the cover will support the weight of the iPAD2
Owners of course want more just in case of accident drops, scratching and abrasions of the bottom.