Anyone know if the Smart Cover's magnet works on the rear of the iPad? Meaning, when flipped completely open and back onto the rear of the iPad, does the Smart Cover stay magnetized or does it flap around?
I would really like to know this as well. None of the Apple videos or hands on clips from YouTube show the cover fully opened around the back, they focus on the triangular stand mode.
In the review he talks about just that. It folds on to the back and attaches via the magnet. It also to the back in half and on to itself attaching via the magnet.
More reasons ( I was very skeptical at first) I am getting one.