Mine came in Saturday and I'm satisfied. Looks good, feels good, has corner protection, 3 angles of viewing, and the auto on/off works well. Camera hole is dead-on and all switches and plug holes are accessible, has a lip that snaps over the side of the ipad to keep it closed, a handstrap so you don't drop it when it's open, and all at a great price. What more do you want? I noticed Amazon raised the price to $16.99 (I paid $10 and got the free shipping when you spend $25) and it's still a bargain.
I suppose the only thing lacking is a choice of colors but the black looks good to me.
And yeah, has a slight smell like most new products out of the box but it has faded over the last 2 days so I imagine it will be gone soon. Have to hold it up to your nose to smell it, it's not very strong.