A particularly positive side effect:
Without S-view Cover is the Note3 Neo Camera lens very far ahead, so they naturally more prone to scratches. With S-view Cover the lens is slightly recessed in the back, which helps to avoid scratches.
As a nice bonus smelling the envelope, which is probably made of imitation leather, even too good :-)
Conclusion:
A protective, stylish, function-enhancing supplement to Note 3 Neo.