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Native Union (http://www.nativeunion.com/us/) has announced the US$49.99 Gripster, a multi-functional case for the iPad 2 and new iPad. Its patented Smart Handle can be spun, inclined, or gripped, providing a number of options for using the iPad in landscape or portrait mode.
The Gripster’s handle can also act as a carrying case -- and even allows for the Apple tablet to be hung on a wall. It's available in 11 colors.