I just got an m-edge in the mail which I ordered for my 600 I am waiting for. Until then, I slipped my 505 into it. The m-edge does fold back easily although, it does like to lie flat. I like the m-edge. It is thicker and adds wieght, but it really pads your reader if you drop it. Also, I have a mighty bright which easily clips to the back cover when folded back. The strap slips into the cover in the folded back position as well. It keeps the strap out of the way and secures the cover in place while it's folded back. The m-edge is very elegant btw and has a nice feel and smell to it as well.
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