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I just picked this up for Christmas, and I love it more than my family: thehandstand.com
Granted, I actually walk around with my iPad more than just about anyone, but I'm sure others will find it useful.
I think this design seems a little flawed, if not only because you're still having to hold it up with your hand? What do you do when you watch a movie? Hold the iPad up for 2 hours?
Think I'll keep to my regular stands that do the job for me, but fair dues if you like it.
But I really like the Marware Hybrid C.E.O. case for this...it also has a handstrap so you can hold the iPad the same way you can with the case you mentioned.