I ordered this about 6 months ago and have had no problems with it. I attached it to the top of a standard iPad foldable sleeve (3 "sections"). I mounted it on the far right and it stays comfortably out of the way even when fully folded back and containing a pencil inside. When I hold the iPad with my left hand, the pencil section sags a bit, but it's no different than if the holder wasn't originally there. Holding it with my right hand, I can still hold the iPad securely and comfortably. When folded for stand mode, it looks like there is no pen/holder at all. I haven't had any issues with discoloration or adhesive peeling. The elastic material that holds the pen in place is likely to break if you handle it too roughly (or if it catches on something sharp), but this can be avoided with care. I've put my iPad in a small storage case over and over again and found no damage. Overall I am very satisfied with this product.
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