Overall OK, but with little problems.

I can associate myself with the overwhelmingly positive reviews only conditionally.
Although overall outweighs an important nature impression which is but marred by a few details defects with me.

The shell is really thin and the leather feels high-quality.
Unfortunately, the shell is also not secured against independent open (in case, for example) and after many years of use as a "stand" folds the envelope sometimes by itself slightly high so that the iPad is then turned on automatically (this is why I have the automatic . turn-on mechanism in iPad disabled)
What bothers me just case is that the iPad does not really sit firmly in the sheath. So it tends always to slip out (unfolded state the envelope) because it or similar no assurance, for example, with velcro are (we in other cases).

Thus with me mixed feelings, look and feel initially remain good, but at the price you wanted the Detailproblemchen would be needed.