Now I have the bag a few weeks and can make the following assessment:
Fit: You can tell immediately that the bag was made for the iPad. It fits really perfect for the iPad 1, iPad 2 and iPad 2 + Apple Smart Cover
OPENING: The iPad (also with Smart Cover) can be easily and quickly slip it into and remove
PROTECTION: The Fleece and rugged nylon protect the iPad very.
APPEARANCE: The bag, the nylon used and the stitched patterns look fabulous
Processing: is very high.
WEIGHT: The bag is very light - can be easily stowed in another bag so
PRICE: The price-performance ratio is the hammer. The bag looks more expensive by far than it is.
SUMMARY: 1+ buy recommendation - I would buy the bag immediately.