This is an iPad folio case. It’s somewhat more elegant than some offerings because it’s leather. Sort of.
This isn’t actually leather. If you’re vegan, that’s a good thing. If not, it just means that it’s not real leather. Pro or con? That’s up to you.
One of the cool features is that it has the magnets built-in. This means it will automatically put the iPad to sleep or wake it when you open the cover. That’s just like Apple’s SmartCover. It can also be used as a stand, just like Apple’s cover.
The plus side, of course, is that it offers fuller protection than the SmartCover (though Apple does have an option for those who want to protect the back of their iPad, it just isn’t hugely advertised.) It’s always nice to not scrape up the backside of the iPad. May also be nice if you don’t want it to be immediately apparent that you are carrying a $400+ piece of easy-to-run-off-with consumer electronics.