@PogoPossum,
Sorry for the long silence. Was waiting for my new ipad and the case to comment further. I have both and it does fit perfectly, I can use all the features of my new ipad nicely like camera, power button & so on.
I am totally happy with both my buys 🙂
and yes the auto sleep and auto wake up does work so Im super happy. For these who want the case, its here http://x-doria.ae/shop/tablet-ebook-reader/apple-ipad/the-new-ipad/smartstyle-th e-new-ipad-case-white-detail.html
What's more it fits my ipad 2 very well also, though I plan to get rid of my old iPad.
A note of thanks to you @PogoPossum, you had me worried for a while but it was a valid point!