Lab.C's Smart Wallet Case ($42) actually has a pretty fitting name; there's more here than meets the eye. The faux leather folio-style case has three credit card slots and is held shut with an elastic band, which is pretty standard for this style of case. What makes it different: the iPhone snaps into a removable plastic shell embedded with magnets, which can be used as its own case, or connected to the rear panel to form landscape or portrait orientation…