STM has confirmed they are indeed redesigning their Skinny case for the new iPad. I used this with my iPad 2 and there's no doubt in my mind that this is the only case you need.
It's very thin and hardly adds any bulk. It protects the back unlike the Smart Cover and has magnets so it can do the sleep/wake thing just like the Smart Cover. Also, it can be used as a stand.
I have this. It adds minimal bulk, which is great. Nice texture for grip.
The problem is it appears to be cheaply made. The fabric is starting to fray around the edges. Mind, it is just cosmetic, I don't have a problem with overall durability. Then again, it didn't cost me very much, so there is that.
But the biggest problem is the tab. That tab drives me crazy. So much that I am looking for another case.
I am looking for something like the Skinny, but without that stupid tab. And maybe some sort of magnet solution to hold the cover in place when it is flipped back, like a magazine. The best I have found so far looks like the Magfolio or Magfolio Lounge from Speck. Anyone own them? I also looked at the Speakeasy Canvas, but it seems too bulky.