Griffin announced at CES it was the first to get accepted as the first 3rd party device to use the Lightning connection for iPad. The Studio Connect is an iPad adaptor that allows users to connect USB devices, microphones or stereo inputs so they can record and edit on the iPad.
The stand allows the iPad to perch in a angle for easy reading. You can simply connect the iPad and use external speakers to watch a movie or play a game.
The Griffin Studio Connect will be available this summer for $149.