Most people don't want a bulky case for their new iPad, but some folks are looking for some serious protection. While there are plenty of, the selection is more limiting for the iPad, and Otterbox remains among the top choices in rugged iPad cases with its Defender Series case.
The company has made some tiny tweaks to the design of the Defender (the new case fits both the iPad 2 and iPad third-generation). You get three layers of protection, including a built-in screen cover, and the Defender's outer "shield stand" supports both landscape and portrait viewing and also tilts into a typing position.
It's also worth mentioning that Defender does offer the "smart" on/off feature--magnets in shield initiate sleep mode when the shield is on and awaken the iPad when it's removed.
The price for the Defender Series case remains at $89.95. Alas, while it's certainly rugged and provides excellent protection for your iPad, it isn't waterproof.