The thing I don't like about this style case is two-fold:
1) I really don't like the lip closure tab thingy. If I want to fold the cover back and lay the iPad down on the table to write (say in Noteshelf with a stylus), that lip closure tab thingy will hinder the iPad from lying flat.
2) This case (and those like it), to me, looks kind of silly with the corner pieces on two of the corners and a couple of tabs in the center. I'm not hugely concerned with having several viewing angles. A couple will work, which is why, for me, Sotie's original iPad case (by Chinao - the awesome brown one on the first page in this thread) is PERFECT. I'd buy it in a heartbeat, if they made it for the iPad 2. The iPad is surrounded almost 80% by a lip and I love that. No tabs - just a surround that you pop the iPad into. Love it.
Man, why am I being so picky with this case thing this time???