Just right! 11

I've been looking for a sleeve for my iPad 3 and also found here. The felt is a little darker and not as brown as in the picture, but really dark gray. The green is also a little darker, which does not even bother me. The colors go together great and I transport my iPad with a green Smart Cover it.
The outer seam is not only sewn (in orange) but still glued in addition. The Velcro is great, it keeps everything in place and will not open just like that. Initially, the Sleeve fluff a bit, but after 1 week it has reduced to a minimum in use.

I would buy this Sleeve definitely be back, and also give away. Just buy it !!