I'm Thinking This is Pretty Good iPad Protection...

"An 8lb. bowling ball dropped 3 feet onto this iPad 1. That is concrete below."

They aren't out yet, but these cases really seem to do the job. You can go here to pre-order one, available in black or yellow, and have it shipped out on May 2nd. The cases sell for $59.95, fit original iPad and iPad 2 and are water resistant. If you order one now, they won't charge your card until it actually ships.