This project WILL BE FUNDED on Kickstarter, allowing you to pick up an iPad or iPhone MagSkin for only $11 instead of the $19.99 MSRP following funding. You can save 45% for another week...
With rewards starting at $10 for the iPad or iPhone, this is pretty cheap when compared to the FridgePad from ThinkGeek which runs $50. This project is definitely worth a look and provides a very nice magnet for the iPad.
Via Kickstarter project link