Well hello fellow Disney nut!! LOL

And thanks for pointing that out. I read the details of the case when I bought it but was more into deciding style and color and didn't pay much attention to the fleece part. That explains it! Ugh - oh well. I have a microfibre towel that I use for my glasses that I'll use for my reader as well then. It's not major, it just bothers me a lot.
Storm, it's not neoprene it's a nylon material and yes it does have something stiff on the inside of both the front and back covers for protection. I don't know how much protection it offers for something sharp going through it. If you're thinking of in a purse or briefcase I'd think you should be safe. If someone was putting force into stabbing the case, it'd definately be a problem.
I don't really like using the light on the outside of the case so what I do is just put the tab from the light between the reader and the case. It's a tight fit so it doesn't slide around and it works great. Not the way it was intended but it works. I find with the light on the outside of the case I can't get the angle right to light my reader and I can't really fold the cover of the case back. I do like that I can choose a color and that it zips up and holds a light.