I have this for my 'old' Nexus 7 as well - preordered it the day they announced it. When it first came in, there were some problems... magnet would 'sleep' the screen when folded back, edges peeled pretty quickly. They proactively told all their customers they'd noted the issue, and they sent out a replacement at no charge about a week later. That one resolved the magnet problem, but one lip of the lid was too long. Again, before I could comment on it, another email from Poetic noting the problem, apologizing, and committing another replacement. The third was perfect, and had the design improvement of being able to fold fully flat back.
With customer service like that, I had no issue whatsoever laying down an order for their slimline for my 'new' Nexus 7. It's not the classiest case on the market (for that, I have Portenzo's Alano Tesoro - an absolute jawdropper if you have the budget and don't mind a bit more bulk), but it has held up extremely well for an inexpensive case, protected it from scratches and a couple of low height drops, and is the slimmest case I've seen (only a couple of millimeters added in any dimension, so still very pocketable).