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Title: This is not a smart cover for iPad 3.
Review: I bought 2 of these for the new ipad(iPad 3). One for me and one for my child. These are both going back. They smell like strong chemical. I can deal with that. But the magnets do not activate the new iPad at all. It is not a smart cover at all. Very disappointed with description.Also, the red is not cherry red like it looks on the screen. It is definitely dark brownish red. But wait, there is more...there is no sheen whatsoever like in the alternate pix. It is completely not shiny and has micro pebble like texture, not smooth like the pictures.The fit is ok for the new iPad, other than the top cover slightly not lying flat and the stereo holes not matching at all(completely covered...completely misaligned).
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