This case seems to be the perfect marriage of beauty, function, and style. It's clearly inspired by the Moleskin notepads and employs traditional book binding techniques to create a durable but classy look. A bamboo frame holds the iPad in place but strategic cutouts still allow button and port access.
The $50 price tag even seems just about right. Any more and we would have called it nice, but expensive. Any less and we would have questioned its quality. The perfect iPad case? Kevin Rose likes it. Too bad there's a little wait for one right now.