I ended up picking up the official Glo Sleepcover yesterday, and magnet or no magnet it's the best e-reader case I've yet owned. I like that it's form-fitting to the Glo (it clips in, rather than being strapped in), and its ergonomics are great for me. Also, while in the pre-order stage the leather Sleepcover was $49.99, it was only $39.99 in store when I got it which is more reasonable.
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