I was told an Otterbox was the way to go for protection of my new iPad 3. I admit I was waiting for a specific color to be finally be released, but settled for the black and yellow. Putting it on was not hard, and I definately feel safer now if I were to drop it. It looks nice/sharp. And the stand is a real plus.
There are a few downfalls. Like many have said, the screen does have a bad glare which is a lot worse when the screen is a darker color. The other thing I strongly dislike is that the home button is very difficult to push, let alone having to try to push it twice quickly to open the dock.
Overall, it serves its purpose and I'll definately keep it...I just wish I had waited another 3 weeks for the new color that was FINALLY available. And I hope some day the price will go down.