If you're in love (like everybody else), but you don't want to toss in the old iPad for the new, don't fret. Here's a simple hack for making the new Smart Cover work with the old iPad—all you need are 4 super powerful rare earth magnets and some glue:

Dan Provost, the genius behind the hack, says:

"I purchased several different types of rare earth magnets from K&J Magnetics. I ended up using block magnets, 3/8” x 3/16” x 1/32” (found here)...

To place the magnets, I stuck them first to the magnetized hinge of the Smart Cover. I slid them around until they became locked into a position. This ended being asymmetrical, but I didn’t mind. I then lined up the cover with the iPad and used masking tape to mark where the magnets should be placed. I wanted this to be a somewhat permanent solution, so I used super glue to affix the magnets to the iPad. If you are not so daring, or want to test it out to make sure you like it, just use transparent tape. Even though the super glue keeps the magnets secure and in place, they are actually pretty easy to remove by just 'chipping' them off with a flathead screwdriver and a very light tap of the hammer."

SOURCE  The Russians Used a Pencil