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[I had posted this in the MacRumors forum and am now reposting this cover review here.]
I received this cover today in the mail. The beige color looks exactly like in the pictures. Shipping was from the Los Angeles area and took 1 day to process and 2 days to get here in Northern California. It is built well with a stiff but slightly padded front and back of leather. The flap is held in place with 3 small button magnets sewn inside. The inside covering that touches the iPad is a gray felt material. Also has a strong chemical smell. I am currently letting it air out to try and get rid of the smell. The iPad itself is held in place with two sewn in leather loops on the bottom and the two top retainers are a strong bungee cord type fitting with little leather pads attached. Since I don't have my iPad yet to test the fitting I may try and sneak down to the Apple Store in the Mall and see how it fits in.
Update: The iPads on Display have a locking cable on them that interfered with the insertion of the iPad into the case. Spoke to one of the Apple Geniuses who then pulled out a 16GB iPad that they use for the classes.
The hdaccessory case fits snugly, feels nice and looks very nice. There is about 3 millimeters between the edge of the iPad and the edge of the case, so protection from drops won't protect your iPad if it hit the floor edgewise. Sitting on the floor, I did the shake test several times to see how snug the iPad would stay in the case. Didn't budge, so that was good. [The Genius, however, wasn't too thrilled by this test.
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Adjusting the front lid, you can set the case up in portrait mode by itself. In landscape mode, I flipped the front lid over and it slides on the glass table I used so you would have to use a prop to keep the lid from sliding. There is no tilt function when typing, which is where the Apple case advantage is.
There is a problem with the top bungee type fittings. When in use, the top right bungee covers over the top 1/3 of the on/off button. You can easily click the button and it doesn't seem to interfere with the operations, but it is a point against it. If the bungee was just a bit tighter, the on/off button would remain pressed in all the time. Since the 3G model is just a teeny-weenie bit taller than the Wifi model, there may be a problem. The top left bungee covers 1/2 of the hole for your headphones. I was able to adjust it to the side but the headphone jack has to seat securely into the iPad and the bungee prevents it from doing that. In addition, the microphone hole is now covered.
The strong chemical smell is still there and I am going to let the case sit outside overnight. Hopefully the smell will lessen. As far as returning the item, hdaccessory posts that there is a 20% open box fee on any opened hardware or accessory. Shipping costs are not refundable.
Link---
http://www.hdaccessory.com/servlet/the-3102/Apple-iPad-W-dsh-Fi-WiFi/Detail
All the Best!
(Still waiting for my 3G)