Its definitely a bummer that the magnets don't work, but its not a deal breaker. I like the overall protection the case provides and the rotation and stand positions are nice. My only concern is how the device "snaps" into the plastic holder. It seems to fit more or less, but doesn't seem perfect. I don't think it will fall out, but I would really prefer a nice click. How is your new iPad fitting in your VersaVu?