A quick update for those wondering which cover I settled on for the iPad 2.
I am combining the Enki Genius Case for iPad 2 in smoke with the Apple Smart Cover in gray polyurethane after coming close to pulling the trigger on the Speck PixelSkin HD Wrap Case for iPad 2. It came down to the Speck not having magnets and my having a gift card to the Apple Store. Speck customer service did an exceptional job of fielding my questions.
The Enki case is currently on sale for $29.99 if you order by May 16. That is only four more days, people. Pinch those pennies. Mine should be shipping this week or next.