Well I have to say that since I received my 505 on Monday I've had no issues with the cover at all. I hold it like a book and everything feels "right" to me. I wouldn't feel right "folding it back" anyway. I use the page buttons on the right-hand bevel and I'm loving the experience so far. The page-flipping flash has not bothered me at all, and getting started with the Library software was a breeze. I'm all loaded up for my UK trip in November. A colleague of mine is so impressed she's getting one for herself, mostly because of the sizing options (she's getting close to retirement so it will be good for her eyes).
Oh, and I picked up a "Mini Note Filer" by Globe-Weis (Item 37045) on the clearance rack at Staples. All of $0.50. I ripped out the pockets and things, stuck in some foam sheets in either side, and my Reader sits snugly inside. A perfect fit really. Not really a "hard" case, but for my purposes I think it will serve admirably.
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