While Speck's PixelSkin HD Wrap for iPad 2 hasn't hit the market yet, it seems like an excellent alternative to Apple's Smart Cover. Why? Well, because it protects both the front and back of your iPad 2 yet offers similar design features to the Apple case and all its folding fun.
Apple's Smart Cover costs $39 for the basic version and $69 for the swankier leather version, whereas the PixelSkin HD Wrap costs $49.95. As we said, the only problem is that it isn't shipping yet--and it may be a month before it does.
Still, you might consider holding out, if only because we're starting to see more iPad 2 back-only covers that are designed to work in tandem with Apple's Smart Cover (while it's snazzy, Apple's case only protects the front of your iPad 2). One case we spotted from XGear is amusingly called the "Smart Cover Enhancer" case. However, it's not so amusing that it retails for $34.99.
If you want to see more Smart Cover alternatives, check out our Ultimate iPad 2 case roundup below: