It really would have been good to include links to the youtube and/or some pictures though. Is this your product?
http://www.youtube.com/watch?v=1Gg_D4kjOSc
If so here is what im thinking/wonder
Looks good so far, I like the rotating/swiveling capabilities while having it on your lap/leg.
What is it constructed from? Plastic or Metal?
The video doesnt exactly show the swivel mechanism so I dont know how exactly it rotates but I think I did see some sharp edges on the base and to have it on my leg/lap for a period of time with hard edges and weight of the ipad I woudnt want them to start cutting into my leg.
My other concern is when you rest the ipad in it vertically i woudnt want it to topple over, maybe lining the base in a tacky gel/rubber would help it keep it in place on some slick surfaces.
Another concern with every base is make sure that you can thread the connector cable through it easily enough.
Do you have any ideas on pricing yet?