Just got the coolest case for the mini, BB has it for $35. Made by X-Doria, called the smartcase. After having ipad 2 with portfolio style case, I wanted a low profile case to really keep the size down and this was it. And it was essential I had the magnet so that the ipad shuts on and off each time I close it. Basically Apples smart cover on the front and hard polycarbonate backing that fits the ipad really perfect. I like the smart cover but not for $50 hahahaha, cost 10 cents to make it.
Theres no demo on youtube for this case so heres a video i took for those interested.