I wouldn't be worried about the number or frequency of sleep/wake cycles done either through the magnet or the button but I'm more concerned about the potential effect of the magnet on the other stuff I've got in my handbag TBH. I've got an Oberon on its way to me so it's a "dumb" cover anyway, and although I can easily add a magnet I'm somehow not quite convinced that it such a great idea.
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