In all honesty, I have some experience with the Modular Method Portfolio from M-EDGE. This particular one that you see here is designed for the the new iPad.
I don’t know what more I can say about it, other than I like it. It has a way of putting your iPad into one of those leather things like fancy businessman put their papers in. Granted, the M-EDGE Modular Method Portfolio is made of microfiber synthetic leather, but it has dual zipper enclosure.
It certainly has a cool leather smell when you open it, and I also love all the pockets in it, perfect for business cards and whatnot. Those two holsters that you see don’t have snappers on them, but they are magnetic. They can hold an iPhone or BlackBerry, by the way.
As for storing the iPad, it has a detachable snap-on sleeve that can be used to store the iPad when not in use, so you can mount the device to the exterior sleeve to keep secure while using the portfolio.
You can get the M-EDGE Modular Method Portfolio on the M-EDGE site for about $99.95.