Back when the iPad 2 was unveiled, alongside it came a colorful magnetic flap split in to sections easily foldable in to a thin stand. I wasn’t too impressed by it, until I experienced for myself with the newest generation Apple tablet. Although it may not be brand new technology, it’s still pretty awesome. The biggest problem, however, is that it doesn’t protect the back. Steve Jobs initially stated that he wanted the iPad 2′s sexy Aluminum shell to be on view. I guess the artist in him overtook the practical side on that one.

Apple has now finally launched a Smart Case. Cupertino’s online blurb:

“The iPad Smart Case covers your iPad — both front and back — yet still retains the thin, light design of iPad. Like the Smart Cover, it folds easily into a stand for reading, typing, and watching video. And it automatically wakes and sleeps iPad on open and close. Made from polyurethane, it’s available in six bright colors. And you can personalize it with free laser engraving on the Apple Online Store.”

There’s not a lot of info right now as to colors and prices, but, we’ll update you as soon as we know. We’re still waiting for the online store to come back in to action. Stay tuned. Info can be viewed here.

UPDATE: Store is back online, cases will retail at $45 USD or £39 GBP. It comes in a variety of colors: Light gray, dark grey, blue, green, pink and red. Purchase it from the online store from today.