Well first off, this isn’t a sleeve or a snap-on protector, this is a briefcase. It’s called the Carbon Fiber iPad Case, and it’s made by Mach 3 Composites. And it’s not just any brief case, but it’s one made of carbon fiber with a padded interior with a touch of extra space for some kind of attached case. It’s also pretty cheap, at $119.79. Why the weird price point? Got me, I’m not on their marketing team.
As usual, it’s just another way for you to hold your iPad, and in this case, keep it super safe from harm. Seems like cheap insurance to me.