I chose the $40 version. The $60 case with the 360 swivel looks nice, but a bit too bulky for my taste with the break in the middle. I'll see how the $40 one is. Hopefully the iPad will feel secure in it.
http://www.youtube.com/watch?v=Zd1agNRzkKE
http://www.youtube.com/watch?v=Zd1agNRzkKE