It's made the same as the Pixelskin for the iphone and that case is awesome.
I have the pixel skin HD for iphone4 and I think it absolutely sucks. The buttons (volume and sleep) are VERY hard to push and give zero tactile feedback. I got it free in the free case program and used it for about 1 day. Absolutely worthless. If this pixel skin case for iPad has as bad button response, it will be a loser. And why they wouldn't make it a smart cover is beyond me. If it were a smart cover, it might be a contender. But as is, it won't do well.