Really? A wooden cover for the iPad 2... with magnets. That's what makes the top of HN? I can see this belonging on Engadget but what's the value here? Don't get me wrong: I have an iPad 2. I love my iPad (1 & 2). I just don't see how a wooden cover for it is HN-worthy.
Partial, because I do think it's likely people are still recovering from "why didn't I think of that"-itis (or maybe "why didn't someone make this sooner"-itis). Apple just one-upped the entire world of things-that-cover-things, possibly by a greater degree than Tupperware that burps so you know it's keeping things fresh. It takes a while to re-define your place in the world when something like this first comes into existence - until then, everything is awesome: flowers smell more flowery, covers cover more completely, and computers compute like never before.