I received my Kindle this past Christmas and started looking for a suitable cover. I needed to protect my new "baby". I couldn't find anything that I really liked that wasn't going to cost a small fortune coming from the US to Canada. So, I found a knitted e-reader cover and adapted it for my Kindle, added a strap and voila: A Kindle cover that is also a cross-body purse. There's enough room in here for a pad of paper and a pen, and the adapter for my Kindle. I can also fit a change purse in it. A slim phone would fit, and I've carried my mp3 player in it also.
If you're interested in making a cover/purse like mine, please click here for the free pattern.