[dstone]

If that's a solid sheet of microfiber on the inside, then I'm sold. The thing that irritates me most about the Smart Cover is that it leaves streaks on the glass where the indentations are.

[nazgulnarsil]

can't be solid. if it was tight when rolled up it would be loose when flat.

[s3graham]

Maybe making it elastic-y would be enough extra length to work in both states?