I bought the smart cover for iPad 2 on day 1 then immediately realized how useless it is. So I took it back to Apple Store and exchanged for a Incase Origami Stand Sleeve for original iPad.
To my surprise, it fits perfectly. In fact if you put original iPad in it, it would be too tight. Since iPad 2 is a little thinner and smaller, it just fits perfectly
This sleeve can be used as a stand too. Just fold it up and there it is. no more separate stand needed. To me this sleeve is far more useful and protective than Apple Smart Cover
See picture below





To my surprise, it fits perfectly. In fact if you put original iPad in it, it would be too tight. Since iPad 2 is a little thinner and smaller, it just fits perfectly
This sleeve can be used as a stand too. Just fold it up and there it is. no more separate stand needed. To me this sleeve is far more useful and protective than Apple Smart Cover
See picture below




