If you have finally received your Nexus 7 and are looking to score a smartcase, then why not just make one yourself? If you haven’t heard, the N7 has a “sweet spot” on its bezel where if you place a magnet on the specific corner, it will then turn on and off your display.
To take advantage of this, all you have to do is buy a case such as this one from Amazon for a few bucks and then place a small magnet inside the threading. Once you have it all sealed up, you’re good to go and can start showing it off and telling your friends how much a handyman you are. Win.