At the release of the iPad 2, Apple also brought out its Smart Cover product, which quickly became a favorite. Although the new iPad 3 is a little thicker through the middle than the iPad 2 (due to a bigger battery), it is still compatible with the previous Smart Covers that are currently for sale. This is excellent news as the Smart Cover not only protects the iPad screen from scratches and scrapes but is also functional and practical, and [...]
Source: http://tabletbuzzblog.com/new-ipad-smart-covers/
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http://jaynelacewell852.hoopsjumpnjam.com/38382/new-ipad-smart-covers-36/