I rather like the look of these handmade wooden iPad stands from Woodpad here in the UK.
Each one is made from a solid chunk of oak, maple, cherry or ash. Here’s a video showing in detail exactly how it’s done:
The Woodpad comes in a variety of forms: one for iPad, one for iPhone 3/3GS, and another for 4/4S. The iPad version has two slots, one at a 15 degree angle for viewing pictures, another at 26 degrees for playing games or working with an external keyboard.
Given the hard work and craftsmanship that goes into making these things, the £20 (approx $30) price looks like a bargain to me, and that includes free delivery worldwide.
(Thanks to the good folk of Underscore for this one.)