Thanks for the great review.
I was batting myself in the head thinking many of the thinks you mentioned. Primarily the fact that it really does not work well even using it lying flat on a table to type. It flops over, the hinges have a hard time maintaining that angle and then flop over to an even lower position. Not a position I would type in.
As for using it as an expensive photo display in that case horizontally, I would personally never think of doing that, a.c cord attached or not. Not stable enough, anything could topple it over. Literally all you'd have to do is blow hard enough and over she goes! Cords generally look ugly and the only way to avoid this look is to get a stand like the aluminum Griffin for stability, but your always going to have the cord coming out the ide business, no way around that!
As to your using it in your lap in the desktop position, not sure it was designed to do this and I can see where what you described would happen. I'm not even going there, not likely to use it that way.
I will also concur that the Ipad t is NOT in a stable position when positioned horizontally. I would not EVER leave mine in that position even watching a movie, just totally unstable and will fall over backwards. Bound to happen, and then the scratches on the backside start.
Though a quick note on that, I returned to the Apple store here in New York City to take a look at the backs of the ipads on display knowing that they have been handled literally thousands of time, and I have to report that for the most part the ones I looked at all looked pretty darn good.
So while I am quite aware that this "smartCover" os not a "case" I do think for now it serves a purpose for partial protection while I wait for third party cases, hopefully Mophie, but whoever really.
I am going to use this with a clear Wrapsol skin on the back for home use and when I leave the house, it will go in a more protective case, this cover is not meant for this type of protection at all! No one should be led into thinking this is the case, no pun intended!