Just arrived via FedEx today, about a week earlier than expected too. Maybe I'm just playing devil's advocate here, or maybe I just got lucky with a really really good cover, but I LOVE it. Perfect sizing, nice and flush with the iPad's bezel, strong magnets, curls and clicks/holds strongly into place on the FIRST try every time, great typing angle, and beautiful engraving.
Everyone who ordered it pretty much knew what they were getting themselves into anyway with this kind of cover, so why all the "inconvenience" complaints? For those who like hinges, BUY A SMART COVER. It's that simple. Don't knock the product on something the makers intentionally left out. I wanted an even more minimalist front cover, one without metal and hinges and doodads and whatnot, and this fits the bill exactly. This is NOT a full body case, nor is it much better or much worse than Apple's Smart Cover. It all depends on what your needs are. Know what you are getting before you buy the product and maybe there wouldn't be so much disappointment.
With that said, again, to those who already received one and hate it due to all the aforementioned issues (incorrect size and bunching, magnet-curling fail, cracks in the wood, etc.), it really is unfortunate and all the blame should go to the Miniot team for that. Hopefully you all get a replacement from them ASAP. Guess luck was on my side and got a cover exactly as advertised, as it should have been with everyone who ordered in the first place.
But yes, I will agree with one major gripe on here and it's the fact that it activates the sleep/wake function when stuck on the back of the iPad. But if you're gonna be using it in the landscape/typing angle most of the time or aren't bothered by taking a couple seconds and turning off sleep/wake in Settings if your cover must absolutely be on the back of your iPad for the time being and not anywhere else, then it isn't too much of an issue.
Quick snaps:
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Aside from the sleep/wake nuisance when placed behind, overall I love this cover and got exactly what I wanted and expected. The aesthetics of it are just too sexy and definitely trumps any of the cover's shortcomings. Hopefully the crew at Miniot improves their craftsmanship / consistency and delivers (pun intended) on their future products.
Best of luck to everyone else waiting for one!