It's definitely a good cover (the M Edge is hopeless), but it's also definitely NOT leather!
Also, while it does protect the screen pretty well due to the hard front flap, it doesn't protect the edges or corners much. The rubberised finish of my iLiad is coming off to an unacceptable degree now (approx. 6 months old), and it's spent it's entire life in this case. That said, I think it's the rubberised finish that's at fault here, not the case.