No, the magnets will not damage your iPad. The magnets in FACET are the same as those found in Apple's Smart Cover and attach to magnets in the iPad itself.
It works with iPad 2 and the new iPad. Because FACET attaches to magnets in those devices, it does not work with other tablets.
FACET is made of ABS plastic with a smooth finish. All of the edges have been ever so slightly rounded. It will not scratch the aluminum or damage the finish of the iPad.
FACET is plastic, not aluminum. It won't hurt you. We've also been very careful to round all edges so it won't scratch you -- or your iPad. In general, it has a sharp look, but a pleasant feel.
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