Nice, cool, but at a 25% of a Reader's price, an utter theft... If you fancy this gadget it is alright, but if what you want is just light, there are far cheaper solutions.
That said, I would like to know how well it holds on to the screen when you fold the cover backwards or read leaning on your left side. It is bad that it is so expensive, but it would be worse if it didn't stay in place....
My opinion, of course.