Had errands to run at target tonight, so I brought my second cracked Belkin shield for an exchange... Target is now carrying the revision with the larger camera hole and larger open space where the smart cover snaps on.
Here is my opinion of this version of the shield. The extra area is left on the side so the smart cover can stand up as it was originally intended, the other version that goes directly to it's edge pushed it out a bit in standing position increasing chances for your iPad to fall forward. This case seems to be thicker than the last version, I'm guessing it won't crack anymore as a result. The change about it that I wasn't expecting, is the snap part on the front of it is much different than before. There is a very large lip all the way along the side where the volume toggle is located, and in some places, there is no lip/snap at all (the insides of the corners, the entire top and bottom). There are raised portions throughout (just outside the corners), I guess they did this to allow you to lay the iPad face down and have it raised a bit from surface and for easy removal if necessary. Not sure I like these new more obtrusive edges, especially the one along the volume rocker side. Overall, the case does seem sturdier (not as cheap feeling) than the last one I had. Good thing I bought it at target, because they have an excellent return policy.