I LOVE my iPad 2. To protect it, I HIGHLY recommend the DODOcase (http://www.dodocase.com/products/dodocase-for-ipad2). My only complaint would be the lack of a magnet in the case to activate/deactivate the iPad through its little magnetic sensor, which is used by other cases, like the foldy-flippy one from Apple (http://www.apple.com/ipad/smart-cover/). What to do? Hack, of course! But, first, I emailed the DODOcase peeps and suggested the feature to them and even sent them links to my source of delicious rare earth magnets, K & J Magnetics (http://www.kjmagnetics.com/). There are thin little rectangular magnets that can easily be embedded into the cardboard cover underneath the backing.
For now, my magnet sits on top of the inside cover:
Here is a close-up:
When I have a spare couple of minutes, I'll whip out the X-acto knife and make a neat little compartment for it under the blue liner of the cover.
Hope this helps you other DODOcasers out there!