STM Bags, an Australian case company has rolled out an iPad 2 case called Skinny. It combines all the pros of Smart Cover and adds its own style by including a hard shell back along with the magnetic on / off front flap. The flap is said to be water resistant and made from ripstop polyester fabric.
Interior has micro suede lining. Just like the Apple Smart case, the front flap can be used as a stand for typing and viewing videos. Skinny case adds only 160 grams (~4 ounces) to the weight. Pricing information is not yet available. [official product page]
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