Mine is perfect, out of the box new. I have mine in a switcheasy canvas and have since 3 days after I got my iPad 2....
It may make the thing a bit more bulky, but i like the way it feels in the case more then out of the case. This, along with a built in stand, being able to just toss it in my bag without worry, and to be able to lightly toss it onto an outdoor tile (rough) table without caring is the best part of all.
Oh yeah, and it has magnets so it unlocks the iPad when you open it, alla smartcover.