The case in question is the Incline 360. It has a faux leather exterior, a gray suede interior, and is designed to hold the Nook HD at several different angles. Thanks to the pivot in the back you can rotate the tablet so it can be propped up in either portrait or landscape.
Aside from the pivot and the built-in stand, this is a fairly simple case. It lacks the pockets or other extras found on some cases or the Bluetooth keyboard found in a few iPad cases. But that's fine by me because it does everything I need and is solidly made.
It's selling on the M-Edge website for $40 and $50, which is slightly higher than what the similar vinyl cases would cost at B&N. The extra is worth it, I think.
Full Disclosure: This case was a gift of M-Edge. The opinions expressed in this post are my own.