Marware is shipping the Eco-Flip for iPad (http://www.marware.com/products/iPad/Eco-Flip-for-iPad). It’s an eco-leather flip case designed to deliver three solutions in one. A hand strap design allows you to fold back the cover and grip the device during usage.
Also, the Eco-Flip folds open at the top, and the lid can be used as a stand. The elastic strap keeps the case closed while the fold over tab inside helps keep the iPad from slipping out. A foldaway display stand is designed for lower-angled typing or viewing. The Eco-Flip is available in black eco-leather and, for a limited time, is on sale for US$44.99.