Smart Covers are over rated and over priced.
Here in Japan, people are laughing at this thing because its not so smart at all.
Nobody knows the name "Smart Cover" here. But if you mention about the Ipad2 case that looks like an "Ofuro" (bathtub) cover, surely someone will recognize it. It is indeed smart but not so smart for people taking Ofuro eversince.
So if you're like me, who cant justify buying expensive apple accessories, and if you plan to use a Smart Cover only in some occasions, then maybe the fake Smart Cover is just right for you.
I am glad using my cheap yet working smart Cover. For 12 dollars, I don't have to worry if the hinges would break someday or if the rubber gets tainted. It actually does perform just as a Smart Cover would. Its also beautiful. Some reviews say its smelly, but mine actually doesn't. The magnets work great and so are the hinges.
See for yourself in the next photos.
Get em here : http://myworld.ebay.com/leosstore2/