Just received my dark gray Smart Case today. It is great, but I won't be getting the refurbished iPad 2 I ordered until next week to test functionality- I am a bit worried that it may be loose on the iPad 2, as someone mentioned and the typing angle does seem shallow. Maybe I got lucky, but I have no issues with sharp or wavy edges. It has attracted some whitish markings, likely fingerprints, just from handling it, although not nearly as bad as the original iPad's case. Hopefully a little iKlear will solve that. Will update this post once I actually receive the iPad. I don't think I would return it for a Smart Cover (my original intended purchase) though, since it is only $10 more and give you the entire backing. That said, if it's loose, that will be a dealbreaker for me.
UPDATE: Okay, I tried putting it on my sister's 3rd gen iPad and it was unacceptably loose and I could see light coming in at the top (as in, you could see out from these ports through the case because the lip isn't close/ tight enough to the iPad's bezel) from the headphone jack and mic at normal viewing angles. Seeing as the iPad 2 is a bit thinner, I called Apple and immediately printed my return label. What a disappointment. For $50, no thanks! I'm going to purchase a dark gray Smart Cover and combine that with Belkin Snap Shield Secure Smart Cover Case for Apple iPad 2 Clear (which you can find on Amazon). This seems like a much better solution. A bit sad on Apple's part. Now here's hoping the refurbed iPad 2 I ordered doesn't come with any quality control issues...