I will answer your question
I assume that was a rhetorical question, but I'll answer it anyway. What's smart about the cover is that it, in conjunction with the iPad 2 itself, can communicate whether it's covering the iPad 2 or not covering the iPad 2. The iPad 2 can then use the "I'm not covering" information to wake up.
palm pilots use to include flap covers in the box for free. $39 for a cover that is a flap is hilarious, but if they can get that much for it then you can't fault apple for doing it
i prefer to old case
and you gotta love the marketing. "smart cover" what exactly is smart about it?
I assume that was a rhetorical question, but I'll answer it anyway. What's smart about the cover is that it, in conjunction with the iPad 2 itself, can communicate whether it's covering the iPad 2 or not covering the iPad 2. The iPad 2 can then use the "I'm not covering" information to wake up.