I know I've said this before, but I reserve the right to completely blow my budget for a really awesome gadget or gadget accessory. I don't do it often (that amazing DVF Kindle Case being one example), but for this Dooney & Bourke iPad Case ($65), I just may do it again.
Made from something called Cabriolet cloth (an exclusive to Dooney & Bourke?) this padded case is apparently light and extremely durable (waterproof, stain and fade resistant, and low maintenance), it's the perfect iPad accessory for stuffing in your bag, or carrying on the plane. Plus, it comes in a variety of colors to suit your individual taste. And if you love this case, you have superb taste, obviously.