GOOD RESULTS and it looks like it fixed the STANDBY battery usage issue.🙂 yay!
Did not want to go on DFY mode and did not want to return the new iPad either as I have already spent money on the clear Bodyguardz Ultra Tough Clear Skins full body (which is highly recommended by the way).
I finally tried one of you guys' recommendation (can't remember who since there are so many who gave their awesome inputs) and that is: draining my new iPad to zero battery charge - (let it die for about 10-15 minutes), the charged it for at least 48 hours straight - yes leaving me with no iPad but no biggie, I used my iPhone 4S for the meantime. Here are the results:
1) I noticed I don't lose any charge overnight - went to bed with it at 100%, woke up and it is still 100% charged, whereas before, I noticed it has gone down to 94-95%. This means that my new iPad is proven to go on STANDBY mode.
2) Now, everytime I close my cover and open it again a few hours later, it stayed at the the last charged percentage -- which means, again, it goes on STANDBY and no sign of usage. To play safe now, I just close all the apps before I go to bed at night -- but even if I don't close the previously used apps during the day time, I noticed it still does not lose a charge.
Now, I still noticed when I am using, it uses up the battery fast and to me that is expected because of the fast processor and the 4G functionality that was explained at an earlier thread on this thread and also by Apple in a discussion I read.
Thanks for all your input. Let's keep sharing on the work around for new iPad's quick battery drainage.