I had the above Incase Mag snap case for my Ipad 2 when I bought it, loved it. Then I decided to return the Ipad 2 for an Ipad 3 and the guy at best buy tried to fit it on and said it wouldn't fit. He said the Ipad 3 was too thick. So i ended up returning it and they gave me a Belkin Clear Case to replace it for my new Ipad 3. I also had to return my first Incase for the Ipad 2, because of the magnet coming off in the exact place you said. I since have bought a Cimo thin TPU case for the Ipad 3. I like it because it works with the smart cover and goes over the sides to the front of the Ipad. This way it protects if lying face down without the smart cover on. I don't like how it can be pulled away on one side of the ipad, just seems a little flimsy. Like the texture and grip better than the Belkin, but the Belkin cover would probably protect the Ipad more if dropped. So still looking for a back case that has the best of both worlds.