Wasn't sure what to expect when I read the words iPad pillow, but after seeing it it made a bit more sense:

Bambury Six-Pad - Ipad Pillow - Quilts Direct

Bambury Six-Pad - Ipad Pillow
From $37.95 + Free Shipping. Buy in bulk and save 20% when you buy 2 or more

Bambury Six-Pad - Ipad Pillow

Comfort and style
Flexible helper on your travels and around the home can be used as a neckroll, pillow or back cushion, a book holder and even as a practical tablet PC
Cushion can be transformed in a matter of seconds with minimal effort
Relaxing and ergonomically sound

Colours available:
Pink Leopard Shiraz Lime Purple Black